Bloomberg Goldman Sachs Group Inc. called on the UK to relax capital rules for retail banking introduced in the aftermath of the global financial crisis, the Mail on Sunday reported. The UK currently requires big banks with deposits of 25 billion pounds ($34 billion) or more to ring-fence the retail operations, meaning the banks can’t use the funds in the …

Bloomberg A new era for UK mortgage market is approaching as the Bank of England (BOE) prepares to raise interest rates, and markets are already shifting rapidly. Sterling swap rates, used by banks to set the cost of home loans, have jumped in recent weeks, converging with mortgage prices and squeezing the margin for lenders. That doesn’t look sustainable, and …

Bloomberg Analyst estimates for Asia’s corporate profits have fallen to more than a decade low relative to global peers, and further downgrades are on the horizon as China’s economic growth slows and global supply constraints remain. After soaring past pre-pandemic levels on vaccine and reopening optimism, the 12-month forward earnings-per-share forecasts for MSCI Asia Pacific Index members began to drop …