Markets

Citigroup slammed with record $57 million fine for inaccurate reporting

Citigroup Inc. has been fined $US57 million, or 44 million pounds, by the Bank of England’s Prudential Regulation Authority. The fine is for inaccurate regulatory reporting about the bank’s capital and liquidity levels between June 2014 and December 2018, the PRA said. “Citi has fully remediated the past regulatory reporting […]
Citigroup slammed with record $57 million fine for inaccurate reporting
Markets

Markets think a Bank of England rate hike is coming

UK labour market conditions are strong and inflationary pressures are heating up, a combination that has seen markets get excited about the prospect of a rate hike from the Bank of England (BoE), potentially before the year is out. As seen in the chart below from Capital Economics, the implied […]
Markets think a Bank of England rate hike is coming
Markets

Markets are doing the US Fed a massive favour

Last week the US Federal Reserve hiked interest rates for the second time in three months, something that hadn’t been seen in well over a decade. However, despite the acceleration in the Fed’s monetary policy tightening schedule, the US dollar still fell, and has continued to do so since. It’s […]
Markets are doing the US Fed a massive favour