The Latest Breaking News on Financial Services

China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the descent of the yuan, four sources with knowledge of the matter said.

The theft took place at Halifax in Sunderland's Bridges Shopping Centre shortly after the woman in her 70s had withdrawn the money

A community bank promises $750,000 to help upgrade Daylesford Hospital, as the town's frustration about silence from the state government grows.

The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes. Also in the show: Beata Javorcik, Chief Economist at the European Bank…

Chancellor pitched mini-budget as way to avoid deep recession, but market’s reaction has created risk of a deeper one

Mini-Budget labelled ‘reckless and ideological disaster’ by some Conservatives

The Bank of England’s move to step in and calm the chaos in financial markets follows turmoil for the pound and UK government bonds caused by the Chancellor’s tax-cutting mini-budget

The Bank of England has announced emergency action to try to stabilise markets, in the wake of the crisis caused by the Chancellor’s mini budget announcement last Friday.

THE Bank of England has been forced to step in following the collapse in the value of the pound after Chancellor Kwasi Kwarteng’s “mini…