Bank of America, Citigroup to close 1,700 branches in London

Bank of American and Citigroup have agreed to end operations at 1,200 branches in the capital and to close a further 700 branches, the companies announced on Wednesday.┬áThe decision comes after Bank of Americans, the country’s second-largest bank, announced last week that it was closing its remaining branches in parts of London.┬áCiti has more than […]

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Why the UK and the US are so desperate to get rid of their currencies

London is bracing for another round of turmoil as the pound plunges further.The Bank of England will issue another warning about the currency this week as it struggles to keep the pound’s value at around $1.60 an ounce, the lowest level since the financial crisis.The move is seen as another warning from the central bank […]

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