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2 mins read
Bank of England boss Bailey says 'be prepared to lose all your money' in crypto after lender Celsius freezes accounts
"If you want to invest in these assets, OK. But be prepared to lose all your money," the governor o…
Zahra Tayeb
1 min read
The Bank of England said 20% of commercial banking deposits could shift to 'Britcoin' - and dismissed stablecoins as an alternative
Governor Andrew Bailey said central bankers face a choice between regulating stablecoins and introd…
George Glover
2 mins read
Tumbling lumber prices are a sign that strong inflation will be temporary, Bank of England boss says
Lumber is an example of supply catching up with demand and inflationary pressures cooling, Bank of …
Harry Robertson
2 mins read
Cryptocurrencies are too volatile to be used for payment, and investors should prepare to lose all their money, BoE governor says
"If you want to buy them then please understand that you can lose, you could lose all your money," …
Isabelle Lee
1 min read
Bank of England governor Andrew Bailey reportedly said he believes cryptocurrencies are 'dangerous'
"I'm skeptical about crypto-assets, frankly, because they're dangerous and there's huge enthusiasm,…
Will Daniel
1 min read
Only buy cryptocurrencies if you're prepared to lose all your money, Bank of England governor says
Cryptocurrencies "have no intrinsic value," Bank of England governor Andrew Bailey said.
Harry Robertson
2 mins read
The UK sells negative-yield bonds for the first time — days after the Bank of England dismisses below-zero rates
Any change in the central bank's stance could boost the bonds' value. When interest rates fall, mar…
Ben Winck
2 mins read
Fearing a 35% drop in GDP, Bank of England governor pressures banks to speed up coronavirus loans
"They have got to put their backs into it," the central bank's governor said on Friday.
Theron Mohamed
5 mins read
Shaun Bailey's 'Manifesto for London' event discussed plans to slash free travel for older Londoners
Responding to the row over these comments and others in which he suggested that multiculturalism ha…
Adam Bienkov
3 mins read
Shaun Bailey versus Sadiq Khan is a missed opportunity for the Conservatives to show they're serious about winning back London
Khan remains popular with Londoners, but his popularity has dipped over the past year according to …
Adam Bienkov
4 mins read
What we know about 'The Princess Diaries 3' as Chris Pine says he knows nothing about the long-awaited sequel, despite fans wanting him recast
Anne Hathaway confirmed that "The Princess Diaries 3" is in the works, but Chris Pine, her costar f…
Eammon Jacobs
4 mins read
Inside the 24-hour legal whiplash that sent 30 million student-loan borrowers into limbo
In the morning, a court handed millions of student-loan borrowers a lifeline. By the evening, a dif…
Ayelet Sheffey
3 mins read
Student-loan borrowers keep getting more signals of a rocky repayment road ahead
A recent GAO report found just over half of student-loan borrowers are current on payments. Changes…
Ayelet Sheffey
3 mins read
Student-loan forgiveness through Biden's new repayment plan faces another lawsuit from 7 GOP states
Missouri's attorney general led a new lawsuit to block student-loan repayment through the SAVE plan…
Ayelet Sheffey
2 mins read
2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan
Two separate rulings from federal judges in Kansas and Missouri halted student-debt cancellation an…
Ayelet Sheffey
2 mins read
Biden's new student-loan forgiveness plan has already received over 24,000 comments. There are 2 weeks left to give the administration input.
The Education Department plans to begin implementing Biden's new student-debt cancellation plan thi…
Ayelet Sheffey
2 mins read
Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
The draft text for Biden's new student-debt cancellation plan is out, and anyone in the public can …
Ayelet Sheffey
3 mins read
A major student-loan company owes debt of its own — but it's continuing to collect millions of borrowers' monthly bills. A Democratic lawmaker says it's time for it to pay up.
Rep. Cori Bush wants the Missouri attorney general to hold student-loan company MOHELA accountable …
Ayelet Sheffey
4 mins read
How an unrelated Supreme Court decision could jeopardize Biden's new student-loan forgiveness plan before it even goes into effect
While Biden's new student-loan forgiveness plan isn't set to go into effect until the fall, a separ…
Ayelet Sheffey
4 mins read
Passengers on board a 12-hour British Airways flight were fed a single piece of KFC chicken each after a catering error
British Airways said it had to "wing it" by distributing pieces of KFC chicken to passengers after …