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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...
a number of people are finding it difficult to make ends meet because of unforeseen circumstances. The threat of redundancy is an ongoing worry and many companies are forced to put employees on to short time. The initial...
Alistair Darling has defended the secrecy surrounding £62bn of loans to prop up RBS and HBOS as a necessary measure to prevent a Northern Rock-style bank run. The Chancellor's comments came a day after the Bank of England...
• Chancellor said covert loans avoided widespread panic • Accusations that Lloyds shareholders were misled Alistair Darling today defended the decision to keep secret the £61.6bn of emergency loans handed to the Royal Bank of...
LONDON (Reuters) - Britain's economy probably began growing again in the second half of the year and has a good chance of getting back on the path to low inflation growth next year, Bank of England policymaker Andrew Sentance...
Stephen Hester appeared as part of the Holyrood banking inquiry Banks win overdraft charges case Royal Bank of Scotland chief executive Stephen Hester has warned there is no such thing as a free lunch when it comes to bank...
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...
'I don't see why the banks are being singled out." The words of Chris Kyle, a senior executive at Lloyds defending his industry on Monday, ring more than usually hollow this morning. In the past 24 hours the British public has...
As downturn eases, U.K. is last major economy to remain mired in recession The British economy shrank less than previously estimated in the third quarter, suggesting that the grip of the worst recession in decades is finally...
