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Multiple banking developments are underway: UK banks increase switching bonuses, Israel's Esh Bank begins limited operations with a revenue-sharing model, and the UAE launches a new instant payment platform. These efforts aim to boost competition, transparency, and customer benefits in banking services.
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The Bank of England's latest Financial Stability Report highlights increased risks to the UK financial system from cyberattacks, geopolitical tensions, and inflated tech valuations, especially in AI. Major firms like JLR and retailers have faced cyber incidents this year, raising concerns about systemic vulnerabilities.
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The Bank of England is conducting a stress-test on private credit and equity markets, which have grown significantly and now support around two million UK jobs. The exercise aims to assess risks from less regulated private markets amid recent firm collapses and economic uncertainties. Results expected in early 2027.