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Bank of England keeps interest rate unchanged

  AP The Bank of England kept its main interest rate unchanged at a record low of 0.25 percent on Thursday after a run of better-than-anticipated news in the wake of the country’s decision in June to leave the European Union. The unanimous decision was widely anticipated after last month’s series of post-Brexit measures by the bank’s policymaking body that ...

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Interest rate caps boon for big Kenyan banks

  Bloomberg A decision to cap Kenyan interest rates may favor the biggest banks as small lenders will struggle to raise cheap deposits to fund lending, according to Equity Group Holdings Ltd. Chief Executive Officer James Mwangi. At least 30 of Kenya’s 42 lenders may have difficulty paying the minimum for deposits as demanded by a new law on interest ...

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HSBC prices biggest Samurai bond deal since 2009 at $1.8 billion

  Bloomberg HSBC Holdings Plc offered 181.8 billion yen ($1.8 billion) in Japanese currency bonds on Thursday in the biggest single sale by an issuer in the Samurai market since 2009, according to data compiled by Bloomberg. The London-based bank’s sale included 64.4 billion yen in 10-year notes priced at 1.207 percent, according to a statement from SMBC Nikko Securities ...

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