Financial Services Financial Services

UK banks quizzed by BOE on how negative interest rate would affect them

By Fiona Maxwell
  • 12 Oct 2020 05:24
  • 12 Oct 2020 05:31
British lenders have been asked by the Bank of England to detail the impact that a zero — or even negative — interest rate could have on important business services.
Sam Woods, chief executive of the BOE’s Prudential Regulation Authority, wrote to bank and building society chiefs today, inquiring about their

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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