Barclays announces it is closing ANOTHER 27 branches: Total number of banks shutting their doors for good this year hits 103 – so is your local branch facing the axe?

Barclays bank has revealed it is closing an additional 27 branches later this year It says this is to reflects the way that customers are choosing to do their banking This may impact a ‘significant minority’ of people who still use cash, Which? says Barclays has announced it is closing another 27 branches, bringing the … Read more

Fed’s Waller supports 50 bps rate hikes for ‘several’ meetings

https://www.reuters.com/markets/us/feds-waller-supports-50-bps-rate-hikes-several-meetings-2022-05-30/ May 30 (Reuters) – The U.S. Federal Reserve should raise interest rates by a half percentage point each time at more than its next two meetings, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to bring down high inflation. “I … Read more

Eurozone inflation has moved up to 8.1%, its HIGHEST level ever.

Eurozone inflation has moved up to 8.1%, its highest level ever. Meanwhile, the ECB is still holding interest rates at negative levels. This is perhaps the greatest disconnect between easy monetary policy and unabating rising prices that the world has ever seen. pic.twitter.com/V2fhXuR6I5 — Charlie Bilello (@charliebilello) May 31, 2022 https://twitter.com/Ben__Rickert/status/1531460994035503104 https://twitter.com/JordanFife1/status/1531618754588823552