Global Market | Central banks face tougher crisis-management role as public debt rises: BIS chief

Central banks will remain central to managing future financial crises, but soaring public debt, large fiscal deficits, and rapid changes in financial markets could make their interventions harder and more politically controversial, Bank for International Settlements (BIS) chief Pablo Hernández de Cos said, according to a report by Reuters. Speaking in Vienna, Hernández de Cos,…

Scottish company in liquidation after HMRC court action

The Herald revealed HMRC had moved against T.U Paye Limited and a similarly named company, T.U Pay Limited. Monthly company insolvencies by type, Scotland, August 2021 to August 2026, not seasonally adjusted. Source: Companies House (Image: Companies House/Insolvency Service) HMRC said on its list that it “has reason to suspect that T.U Paye Limited users…