Bank chief says US firm collapses ring ‘alarm bells’
OCT 22 - The collapse of two US companies could be a sign of wider problems in the financial system and "alarm bells" were ringing, the governor of the Kenya breaking news | Kenya news today |..
✨ Key Highlights
The governor of the Bank of England, Andrew Bailey, has voiced concerns over the collapse of two US companies, suggesting they could signal broader issues within the financial system. He drew parallels to the 2008 financial crisis, prompting fears of a "canary in the coalmine" situation.
- The collapse of car parts supplier First Brands and subprime car lender Tricolor has raised "alarm bells" for the Bank of England.
- Andrew Bailey, governor of the Bank of England, highlighted the potential for wider financial problems and the upcoming "stress test" of private equity and credit firms.
- The practice of "slicing and dicing and tranching of loan structures" in private credit is reminiscent of pre-2008 financial crisis complexities, according to Bailey.
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UK Bans Gambling Ads With Lewis Hamilton as Orange Juice Prices Rise and Bank of England Issues Warning - October 2025
The UK's Advertising Standards Authority (ASA) has banned gambling advertisements featuring Lewis Hamilton and the Chelsea Football Club logo from firms Kwiff and Betway, citing concerns they could appeal to children. British consumers are also facing rising costs, as the price of a typical supermarket own-label carton of orange juice has risen by 134% since 2020. This surge is attributed to a "perfect storm" of factors impacting global orange supply. Separately, the governor of the Bank of England, Andrew Bailey, has voiced concerns over the collapse of two US companies, suggesting they could ring 'alarm bells' and signal broader issues within the financial system.
