Banking

Labour’s First Budget in Over 14 Years May Slow UK Interest Rate Cuts, Raising Inflation and Mortgage Rate Projections

In its first budget in more than a decade, Chancellor Rachel Reeves has introduced substantial tax increases and public spending hikes aimed at stabilizing the UK economy. Experts warn that the policy measures may alter the course of future interest rate cuts, with inflation and borrowing costs expected to see a modest uptick. Unveiled in […]

Banking

Barclays to Acquire GM Credit Card Business from Goldman Sachs, Expanding Its US Consumer Portfolio

London, October 17, 2024 — Barclays Bank has secured a pivotal deal to acquire the General Motors (GM) credit card business from current issuer Goldman Sachs, further solidifying its position in the US consumer credit card market. The strategic acquisition, expected to complete next year, will see Barclays become the exclusive issuer of the GM […]

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