Reposition
ClearBank Ltd (formerly known as CB Infrastructure Limited) is an independent clearing bank incorporated on 17 August 2015. It provides a range of banking services to financial service providers, financially regulated businesses and fintechs. As a member of all the UK payments schemes, ClearBank offers access to FPS (Faster Payments Service), BACS, CHAPS (same-day UK payments) and SWIFT interbank network. BACS (formerly known as the Bankers Automated Clearing Service) is an electronic system to make payments directly between bank accounts. CHAPS guarantees same day payments within the UK and can be used for very large payment amounts. There is no limit to the amount of money.
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
