Nearly 40% of businesses in the UK have deliberately abandoned their application for banking services in the past year due to slow due diligence processes, according to a new study.
Posted on 30th March 2020 in City News.
The new governor of the Bank of England has promised to take “prompt action again” to limit the damage to the economy caused by Coronavirus.
The world’s major stock markets have continued to fall sharply today (Monday) despite a co-ordinated effort to reassure investors by central banks.
UK economy was relegated to seventh place in the G7 league for 2017, but some hope was revealed in the latest data.
The recent sell-off in stock markets seems to have occurred because of fears that the recent run of strong data on the US economy may precipitate more hikes in US interest rates than previously expected. Yesterday, the FED (US central bank) spoke, and the fears seem to have been confirmed.