Rise of £5m-plus mortgage: low interest rates lure super-rich

Global elite take out £1.8bn in mortgages for London houses in year to end of SeptemberThe super-rich have taken out 185 £5m-plus mortgages over the past year to take advantage of historically low interest rates and buy expensive luxury properties in L…

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The Guardian view on the Bank of England: new boss, new thinking? | Editorial

Brexit, climate change and the next recession mean central banking is in danger of becoming a failed paradigm that needs replacingThe appointment of Andrew Bailey as governor of the Bank of England is a safety-first move. The central banker knows his w…

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Andrew Bailey’s FCA unlikely to meet gender balance targets in 2020

Exclusive: bonuses at risk if it fails to increase proportion of women in senior roles to 45% Senior managers and executives at the Financial Conduct Authority risk having their bonuses cut, after the City regulator said it was unlikely to meet key gen…

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Chancellor appoints Andrew Bailey as new Bank of England governor – business live

Live coverage as head of City regulator chosen to lead at Threadneedle StreetFull story: Andrew Bailey appointed head of Bank of EnglandMark Carney’s term in office extended – but only for six weeks Third-quarter UK GDP growth revised up to 0.4%; busin…

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City regulator Andrew Bailey favourite to take Bank of England job

Mark Carney due to step down in January with replacement to be confirmed imminentlyAndrew Bailey, the head of the Financial Conduct Authority, has emerged as the frontrunner to become the next governor of the Bank of England.The selection of the chief …

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Investors could face cash restrictions on Woodford-style funds

Bank of England looks at rules after gating or UK property fund and Neil Woodford saga Investors could be blocked from pulling out their cash at short notice unless they are willing to take a hit on the value of their investment, the Bank of England ha…

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George Soros hedge fund makes £16m bet against Daily Mail owner shares

SFM UK Management took out a short position representing 0.9% of the shares of DMGTThe hedge fund owned by the billionaire investor and anti-Brexit donor George Soros has made a £16m bet against shares in the owner of the Daily Mail newspaper.SFM UK Ma…

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