UK

Andy Haldane predicts an increased risk of unemployment in the UK for the long term, but is optimistic about the country’s recovery prospects overall.

There is no disputing that banking and finance are an integral part of modern society. As another major recession looms, however, it is vital that these services win back the trust of the public.

Warning that COVID-19 will deal lasting damage to the global economy and demand for energy products, the oil giant faces an immense loss to the value of its assets.

Correspondent banking represents one of the most vexing dilemmas for financial institutions and those who regulate them.

The modern UK insurance industry began life in London during the 1700s when the first fire, accident and life insurance companies were established. Fast forward 400 years and you have an industry which, according to the Association of…