The Bank of England (BoE) has once again voted to keep interest rates at 0.25%, although the support of its nine-strong Monetary Policy Committee (MPC) for the decision is no longer unanimous, with one member voting to increase rates by 25 basis points (bps).
According to the Financial Times, Kristin Forbes voted to raise rates by a quarter of a percentage point to 0.5%, despite the rest of the committee judging that consumer spending and wage growth remain...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year