Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.

The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can use during periods of turbulence in Britain's government bond market.

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said.

In other words, Wall Street just might be one of the few institutions in America capable of constraining Trump, who has bent the Republican Party to his will, pushed the Democratic Party aside and exerted influence on the bureaucracy, the judiciary, corporations, the news media and other power bases.

Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.

The Wall Street bank street bank's views echo those ... "While it is possible that the Bank of England will slow the pace of cuts if underlying inflation fails to make progress, we believe that ...

Europe's muted moves follow wage and jobs data that could leave the Bank of England scratching ... than the $8.83bn it posted last year. Wall Street is expecting earnings per share of $4.18 ...

chief executive of marquee investment bank Goldman Sachs Group Inc. (GS), didn't take their eyes off potential trouble on the horizon in their quarterly updates to Wall Street in recent days.

The FTSE 100 ( ^FTSE) and European stocks were higher on Wednesday as traders digested news that UK inflation unexpectedly fell to 2.5% in December. This was down from 2.6% in November, according to the Office for National Statistics. Economists had expected inflation to stay steady at 2.6%.

Sterling faces further weakness and investors were losing confidence in Reeves’ growth-boosting plans, and the currency’s outlook remained negative, also given expectations of at least two BOE rate cuts this year,

Strong earnings, record shareholder returns and resilience amid falling interest rates were the catalysts behind European bank stocks delivering their best year in over a decade.

When Santander boss Ana Botin met Rachel Reeves at the annual Davos jamboree last week, the atmosphere may have been frostier than the ski slopes outside...