Mervyn King

Bank of England moves to reform money markets

The Bank of England will publish a consultation paper on money market reform on Thursday in the latest move to ease the crisis which has rocked the sector in recent weeks. The details of the paper, titled The Development of the...

Ashley Seager: 'Something horrible' this way comes

No one should be surprised by today's huge rise in unemployment. David Blanchflower, the Bank of England monetary policy committee's labour market expert, has been warning of "something horrible" happening to the jobless...

Public urged to question Darling

MPs have asked the public to suggest questions to put to Chancellor Alistair Darling about the government's £37bn rescue package for banks. The Commons Treasury committee will grill him during its "urgent inquiry" into the...

Treasury starts talks as Lloyds TSB share price feels the strain

Urgent discussions have begun at the Treasury to try to ease the strain on the share price of Lloyds TSB, which is coming under pressure on the stockmarket because of its rescue takeover of HBOS. The government is buying shares...

UK banks ready to kiss goodbye to the gentle regulation

Mervyn King, the Bank of England's schoolmasterly Governor, has long expressed sympathy for "staid, boring, unprofitable institutions", most recently at the Commons in April this year. Britain's banking industry is facing a...

The Global Crash And Forex Ideas

It is frightening to live through history, let alone trade it in the world currency, debt, oil and equities markets. This is the reason the dollar soared against the Euro even as Paulson's US bank bailout plan saddles Uncle Sam...

Commons Treasury committee invites 'viewers' to send in questions

Commons committee invites 'viewers' to send in questions One of the privileges of being a member of a Commons select committee is that you get to interrogate ministers and other powerful figures. But now it seems that the...

Inflation Soars To 16-Year High

Global Banking Problems Videos The inflation rate has gone up to 5.2%, the highest level since 1992, after gas and electricity price hikes. Bank of England predicts inflation will be above target well into next year September's...

Risk Appetite May See Continued Pound/US Dollar Pullback Before Plummeting (Hedge Trade)

Written by Luis Gil, DailyFX.com After reaching a four month high in July, the Pound began to plummet as traders commenced the overall Dollar buying spree. With the Dollar becoming a safe-haven currency for those seeking the...

Central Bankers Man the Battle Stations

Key economists and strategists weigh in on the implications of the bankers' efforts to save the world's financial systems Mervyn King, Governor of the Bank of England Ian Hodgson/AFP/Getty Images Weekends are busy for most...

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