Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBC Private equity is currently “king” among members of Tiger 21 — a network of ultra-high net worth entrepreneurs and investors — according to its founder and chairman, Michael Sonnenfeldt. The private equity industry had an especially tough 2022 after a decade-long bull run, but has picked up so far this year. Sonnenfeldt told CNBC on Friday that Tiger 21 members, who collectively manage around $150 billion in assets, have increased their...

A Swiss National Bank logo is pictured on the SNB building in Bern, Switzerland May 20, 2020. Arnd Wiegmann | Reuters The Swiss National Bank ended its streak of five consecutive increases, keeping interest rates unchanged at its quarterly monetary policy meeting on Thursday. The bank, which began lifting rates out of negative territory in June 2022, held its main policy rate steady at 1.75%. “The significant tightening of monetary policy over recent quarters is countering remaining...

A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had been hiking rates consistently since December 2021 in a bid to rein in inflation, taking its main policy rate from 0.1% to a 15-year high of 5.25% in August. The British pound dropped...

In August, the Bank of England increased interest rates for the 14th time in a row. Alexander Spatari | Moment | Getty Images LONDON — The Bank of England’s next monetary policy move is now wide open, following a significant downside surprise in the August inflation print out earlier on Wednesday. Prior to the August consumer price index reading, the market was pricing in an 80% chance that the central bank would hike interest rates by 25 basis points on Thursday to 5.5% — the highest level...

In August, the Bank of England increased interest rates for the 14th time in a row. Alexander Spatari | Moment | Getty Images The British banking sector is seeing a rise in impairments amid rising inflation and ensuing interest rate hikes, according to Bank of England Deputy Governor Sam Woods. In a bid to tame runaway inflation, the central bank has hiked its main interest rate from 0.1% in December 2021 to a 15-year high of 5.25% presently, and the market expects another hike later this...