The Bank of England (BoE) has launched the 2025 bank capital stress test for the seven largest and most systemic UK banks and building societies.

Bank of England Governor Andrew Bailey dismissed worries over reports of a London Gold exodus, saying that would have been different 100 years ago when the U.K. was on the gold standard.

The final decision on what exactly features on a banknote lies with the Bank's governor. More than 4.7 billion Bank of England notes are in circulation, collectively worth around £86bn.

By Reuters | May 7, 2025, at 7:09 p.m. ... Reuters FILE PHOTO: The Bank of England building is seen behind tulip flowers in London, Britain, April 14, 2025. REUTERS/Carlos Jasso/File Photo By ...

A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a ...

Andrew Bailey, governor of the Bank of England (BOE), during a financial stability report news conference at the central bank’s headquarters in the City of London, UK, on Friday, Nov. 29, 2024.

"For commercial bank money to function effectively, it must keep pace with the needs of its users. Our work on retail CBDC is considering these trends in the payments landscape closely.

The Bank of England held interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5. ...

The Bank of England decided, by a slim margin among its policymakers, to cut interest rates on Thursday for the first time in more than four years amid slower inflation. Britain’s central bank ...