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UK banks given six months to prepare for negative interest rates

The Bank of England took a step closer to introducing negative interest rates for the first time on Thursday, after it gave lenders six months to prepare for such a move.Threadneedle Street’s monetary policy committee (MPC) voted unanimously to keep the official interest rate at historically low levels while it agreed to set the deadline for banks ...

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HiTech Zone

Biden Asia Czar’s Holdings May Present Conflict of Interest

President Joe Biden's Asia czar owns part of a "shadow lobbying firm" that gives strategic advice to corporations doing business in Asia, a position that ethics experts say could create conflicts of interest. Kurt Campbell is the founder and former CEO of the Asia Group, a strategic consultancy firm based in Washington, D.C., and Hong Kong. He ...

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