Treasury Metals Inc: * TREASURY METALS RECEIVES CONSENT TO FILE FINAL PROSPECTUS QUALIFYING DISTRIBUTION OF SECURITIES UNDERLYING SUBSCRIPTION RECEIPTS Source text for Eikon: Further company coverage:
Citizens Financial Group Inc (CFG): * Citizens Financial Group Inc (CFG) - FEDERAL RESERVE INFORMED THAT FINAL SCB REQUIREMENT FOR CFG WILL REMAIN AT 3.4 PERCENT, EFFECTIVE OCTOBER 1 Source text: Further company coverage:
Britain's banks hold enough capital to keep on lending to the country's companies and also to absorb billions in losses likely to arise due to the COVID-19 pandemic, the Bank of England said. Companies could suffer a cash flow deficit of up to 200 billion pounds, and banks could be hit by credit losses of less than 80 billion pounds, the BoE's Financial Policy Committee said on Thursday.
The Bank of England said on Thursday it was keeping its benchmark interest rate at 0.1%. The BoE also left unchanged the size of its bond-buying programme at 745 billion pounds. A Reuters poll of economists had pointed no change in either of the BoE's two main stimulus tools.
* BoE expected to keep Bank Rate at 0.1% * Also expected to leave bond-buying plan unchanged. * BoE to publish new economic forecast. * Bond investors await details of pace of bond purchases. * BoE considering pros and cons of negative rates. By William Schomberg.
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv. The pound was steady on Monday, strengthening versus the euro and holding above $1.30, as investors weighed the government's strategy of local lockdowns and looked ahead to the Bank of England's policy meeting on Thursday.
The Bank of England said on Thursday it had hired IT consulting company Accenture (ACN) to overhaul part of Britain's payments infrastructure, in a contract worth up to 150 million pounds. "The Renewal Programme is a key priority not just for the Bank but also the wider UK payments industry," said Victoria Cleland, the BoE's executive director for banking, payments and innovation.
Longer-term U.S. Treasury yields moved
slightly higher on Wednesday after the Federal Reserve renewed
its pledge to keep interest rates near zero to help the economy
recover from the COVID-19 pandemic.
U.S. Treasury yields moved back from
earlier increases ahead of a Federal Reserve policy statement
due on Wednesday afternoon, as a lower U.S. dollar drew in
foreign buyers.
British mortgage lending recovered strongly from May's record low last month and households slowed the pace at which they repaid debt, as the economy began to open up from the coronavirus lockdown in June.
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