HSBC Has Processed All Outstanding Payments After Friday Glitch

HSBC Holdings Plc has processed all of the 275,000 payments from U.K. business customers that it failed to complete on Aug. 28 after a software problem caused delays.

Britain's economic growth accelerates in Q2, helped by trade

LONDON, Aug 28 (Reuters) - Britain's economy gathered speed in the second three months of 2015, boosted by a jump in exports and business investment in the latest sign that the recovery is broadening out.

Forex traders have been shocked into behaving themselves but it might not last, says BoE director

Forex traders are behaving themselves in the wake of a series of fines and investigations, according to Chris Salmon, the Bank of England’s markets boss.

Central Banks Across the World Pressured to Fight Against Euro Depreciation

Greece’s debt turmoil has found a favorite conduit for spreading contagion: the $5.3 trillion-a-day foreign-exchange market.

Banks Seen Fueling U.K. Property Risk With Loose Loan Safeguards

Banks are relaxing safeguards as they boost lending to commercial-property developers in the U.K., fueling concern they’re sowing the seeds of another real estate collapse.

UK banks told to rewrite employment contracts of staff on top-up payments

The UK’s banks have been told by the Bank of England that they need to rewrite the employment contracts of hundreds of staff receiving top-up payments alongside their salaries because of the European Union’s bonus cap.

Bank of England keeps interest rates on hold at first post-election meeting

The Bank of England has decided to keep its interest rates on hold this May, keeping them unchanged for the first time since the general election.

Mortgage demand surges as optimism about UK economy reaches 13-year high

Britons enter the five-week election campaign more upbeat about the economy than at any time in almost 13 years, according to the latest snapshot of confidence from the polling organisation Gfk.

UK services sector growth slows in December

Britain’s services sector slowed at the end of 2014, fanning fears that the economy is losing momentum.

George Osborne backs down over EU cap on bankers’ bonuses

George Osborne has conceded defeat in his attempt to overturn the EU cap on bonuses after a senior legal advisor at the European court of justice rejected his arguments.

Twenty-four European banks fail financial stress tests

One in five European banks have failed crucial tests of their financial strength, leaving a €25bn (£19.6bn) capital hole in the continent’s banking system at a time of renewed fears that the five-year long eurozone crisis may be flaring up again.

Surprise inflation fall may put interest rate rise on hold

The prospects of an interest rate rise in the next few months have dimmed after inflation fell to a five-year low last month. Official figures showed inflation dropped to 1.2% in September from 1.5% in August as food and fuel prices fell.

Bank of England proposes savings protection limit of £1m

Savings of up to £1m in collapsed banks are to be protected under new proposals from the Bank of England intended to avoid a Northern Rock-style run on a financial institution.

Bank of England to unveil bank leverage ratio plans this month

(Reuters) - The Bank of England will tell lenders at the end of this month what their key measure of insulation against future crises should be, bringing forward a keenly-awaited announcement from 2015 after draft proposals worried banks and lawmakers.

Pound Weakens Most in a Year as Scotland Vote Adds Uncertainty

The pound had its biggest weekly drop versus the dollar since July 2013 as signs that Scotland’s independence vote will be more closely contested than previously indicated damped demand for the U.K. currency.

Europe's fragile economy put to test as Ukraine, Iraq sour mood

(Reuters) - Investors will gauge the strength of the euro zone's fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.

UK trade deficit widens in June, but construction recovers

Exports of British goods to countries outside the European Union fell to their lowest level since September 2011, coinciding with the pound hitting a near six-year high against the dollar.

UK construction shrinks in May, dampens some second quarter growth hopes

(Reuters) - British construction output suffered a steep fall in May, raising the prospect that overall economic growth may fall short of expectations in the second quarter.

S&P's Kraemer: euro zone has much to do to cut debt, boost growth

(Reuters) - Euro zone countries still have much work to do to cut debt and boost growth and their credit ratings are unlikely to rise until they get their economies into better shape, a senior Standard & Poor’s official said on Tuesday.

No wage rises until jobless rate falls to 5% says MPC member

Average wages may not rise until the jobless rate has fallen to 5%, a Bank of England policymaker has suggested.