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Billionaire businessman and philanthropist George Soros is the latest public figure to criticize banks for paying big bonuses while taxpayers prop them up British banks have just five working days to show they have "got it". He...
In October UK inflation rose sharply with the Consumer Price Index up 1.5pc annually compared with 1.1pc the month before. Most prominent British economists say this is a "blip" and that "deflation" remains the most serious...
By Chris Giles and Daniel Pimlott The financial crisis "might plausibly have been less costly for the real economy" if authorities had had an effective way of damping the credit boom, the Bank of England concludes today in a...
The European Union (EU) and eurozone economy returned to growth in the third quarter of this year, joining the United States and Japan in climbing out of recession. It is additional good news for the world economy, which...
Interest rates alone can't prevent the formation of dangerous bubbles in financial markets, the Bank of England warns in a discussion paper today. Rates would have had to be hiked to between 6% and 19% earlier this decade to...
The European Commission (EC) approved here on Wednesday the restructuring plan for the Dutch bank ING. including an illiquid asset back-up facility provided by the Dutch State to ING banking and financial services group. The...
Definition: This was an important paper published by the Bank of England in 1971. It set out new monetary control arrangements. A system of reserve requirements was implemented and there was an end to collusion by banks on...
The warning came as the latest evidence on the supply of credit to the British economy showed little sign of radical improvements. The Bank of England's Trends In Lending Report confirmed that British consumers were still...
Posted on: Friday, 20 November 2009, 15:30 CST ROCHESTER, N.Y., Nov. 20 /PRNewswire-FirstCall/ -- (the "Patent"), that was awarded to the Company by the European Patent Office, has been deemed invalid in Austria due to "added...
The Bank of England has formally raised the idea of making banks set aside capital every time they lend money so financial institutions have adequate funds to cope with future downturns without having to rely on the taxpayer....
