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Suzy Jagger, Alex Spence and Miles Costello A fresh dispute erupted yesterday over the secret £62 billion loans to Royal Bank of Scotland and HBOS as MPs across the House condemned regulators for failing investors. MPs...
The 800,000 Lloyds shareholders - who needed to approve the deal - were never told about the scale of the support that stricken HBOS had needed from the Bank of England. Yesterday MPs said the revelation meant shareholders in...
When historians look back on last year's catastrophic banking crisis, they will regard the testimony of Alan Greenspan before the US Congress as one of the defining moments. "Those of us who have looked to the self-interest of...
U.K. suffered from the economic recession more than other major economies, due to the financial and economic problems that were triggered after the burst of the bubble. However, the economy, following the contraction of 2.4% in...
Dollar remained mainly within range against the EUR Tuesday, however, Dollar sentiment dampened after statements from the Federal Reserve saying they believe the economy is going to recover at a slow pace and that unemployment...
GOOD governance expert, Professor Mervyn King believes that you will have less corruption when you have good culture in an organisation. "I define culture as how we do things when nobody is watching us. Culture is developed...
writes "The Sunday Morning started with sunshine!!! What happened in between I´ve now idea as I entered the press room at 11 am and left it 11.30 pm… It was a rather long day of darts and quite a lot of great matches we did see...
LONDON (Reuters) - The economy shrank for the sixth successive quarter in the three months to September but at a slower pace than previously estimated, official data showed on Wednesday. The Office for National Statistics said...
Mervyn King gives details on the emergency funding The Bank of England has revealed for the first time that it lent Royal Bank of Scotland (RBS) and HBOS £61.6bn in emergency funding last autumn. Bank governor Mervyn King told...
Transparency and openness are healthy features of accountability, but they are not always appropriate, at least in the short term Did you catch the news that the Bank of England ponied up a covert £61.6bn to keep RBS and HBOS...
