BOE Governor Bailey Hints at Slowing Pace of QT Bond Sales

a day ago

The Bank of England is looking at the possibility of offloading fewer government bonds over the coming year than the current £100 billion ($138 billion) annual run-off rate amid questions about market demand for longer-dated government debt, Governor Andrew Bailey said.
Asked by CNBC in an interview whether the BOE's Monetary Policy Committee is thinking about reducing the pace of quantitative tightening, Bailey said Tuesday it was a 'live decision' and all options are 'on the table.'

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Payments Firm Wise Seeks US National Trust Bank Charter to Access Fed Payments

Bloomberg

13 minutes ago

Bloomberg

Payments Firm Wise Seeks US National Trust Bank Charter to Access Fed Payments

By , Yizhu Wang, and Emily Mason Save Wise Plc wants to create a national trust bank in the US, in the latest sign of its growing focus on America as it works on moving its main share listing to the country. The London-headquartered payments firm filed its application to be directly regulated by the US's Office of the Comptroller of the Currency on June 16, documents show. Its US hub will be in Austin, Texas, where the firm already has some 450 staff.