Most Recent Banking News

What caused the LDI crisis? – Bank Underground

What caused the LDI crisis? – Bank Underground

Gabor Pinter, Emil Siriwardane and Danny Walker In September 2022 the interest rate on UK gilts rose by over 100...

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DWP To Check Bank Accounts

DWP To Check Bank Accounts

The Department for Work and Pensions (DWP) oversees benefits and pensions in the UK. As part of their oversight and...

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Why has my account been blocked? Your questions answered

Why has my account been blocked? Your questions answered

Imagine having all your shopping at the checkout, rushing to pay and get home, only to find out your account...

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how did gilt futures behave in the LDI crisis? – Bank Underground

how did gilt futures behave in the LDI crisis? – Bank Underground

Joel Mundy and Matt Roberts-Sklar When markets are volatile, liquidity tends to worsen. This makes it harder to intermediate buyers...

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Forecast accuracy and efficiency at the Bank of England – and how forecast errors can be leveraged to do better – Bank Underground

Forecast accuracy and efficiency at the Bank of England – and how forecast errors can be leveraged to do better – Bank Underground

Derrick Kanngiesser and Tim Willems This post describes a systematic way for central banks to employ past forecasts (and associated...

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Using sectoral data to estimate the trend in aggregate wage growth – Bank Underground

Using sectoral data to estimate the trend in aggregate wage growth – Bank Underground

Tomas Key Nominal wage growth has increased markedly in the UK in recent years, reaching levels that haven’t been seen...

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‘No one length fits all’ – haircuts in the repo market – Bank Underground

‘No one length fits all’ – haircuts in the repo market – Bank Underground

Miruna-Daniela Ivan, Joshua Lillis, Eduardo Maqui and Carlos Cañon Salazar Funding markets are crucial for healthy and active financial institutions,...

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Comparison Sites – Pros & Cons

Comparison Sites – Pros & Cons

The UK has become a nation which is dependent on the data provided by comparison sites but is this such...

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The History of the Wirecard Scandal

The History of the Wirecard Scandal

In the UK thousands of Wirecard customers suddenly found themselves locked out of their online bank accounts, unable to pay...

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monetary policy works through aspirations – Bank Underground

monetary policy works through aspirations – Bank Underground

Tim Willems and Rick van der Ploeg Since the post-Covid rise in inflation has been accompanied by strong wage growth,...

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