Andrew Bailey, the current chief executive of the Financial Conduct Authority (FCA), has been appointed as the next governor of the Bank of England. Mr Bailey will become the 121st governor of the bank on 16 March 2020.
De La Rue, the world's largest printer of money is running out of money. De La Rue has printed bank notes for the Bank of England since 1860 and also prints currency for a further 140 countries, issued a warning last week that there was "significant doubt" regarding its future.
The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC
The Bank of England's new polymer £50 note will feature imagery depicting Alan Turing and his work, the bank announced today. Alan Turing was chosen following the bank's character selection process, including advice from scientific experts and a six-week public nomination period, with the fina
Brendan Doyle, chief executive of CMS Payments Intelligence The chief executive of CMS Payments Intelligence has claimed that UK banks and retailers face costs of up to £236 million to ensure they can accept and process polymer banknotes.
Outstanding debt of Scottish farms increased four per cent over the past year according to new Scottish Government figures, marking the sixth consecutive annual increase in Scottish farm debt. Data released by Scotland's chief statistician, based on a survey of the main banks and other lending insti
Victoria Cleland, chief cashier and director of notes at the Bank of England Around 30,000 nominations were made for the portrait on the Bank of England's new £20 note during a two-month public consultation period that ended yesterday.