Search Results for: Mark Carney
Barclays, HSBC, Royal Bank of Scotland ‘at risk of further penalties’
November 17th, 2015
Investigations into financial crisis conduct show ‘no signs of abating’, warns Moody’s Major banks have now set aside $219bn (£144bn) to pay fines and legal costs since the financial crisis. Ratings agency Moody’s, which calculated the vast provisions, ranked ...
FSB publishes report on implementation and effects of the G20 financial regulatory reforms
November 10th, 2015
The Financial Stability Board (FSB) published today its first annual report to the G20 on the Implementation and effects of the G20 financial regulatory reforms. The report describes progress by FSB member jurisdictions in implementing the financial reforms agreed in ...
Pound Traders Turn to BOE After Fed Rate-Increase Outlook Dims
October 5th, 2015
U.K. 10-year bond yield falls to lowest level since April BOE officials announce monetary policy decision on Oct. 8 After a week that saw currency traders push back their expectations for a Federal Reserve interest-rate increase, investors will turn ...
Sterling drops to 1-1/2 month low vs rallying dollar after U.S. data
August 28th, 2015
Sterling fell to a 1-1/2-month low against the dollar on Thursday after data showing the United States grew robustly in the second quarter, boosting a view that U.S. interest rates could rise this year. Investors are still uncertain about ...
RBS Stake Sale by U.K. Government to Begin in Coming Months
June 11th, 2015
Chancellor of the Exchequer George Osborne said he’ll start returning Royal Bank of Scotland Group Plc to private ownership in the “coming months,” even though it may cause a loss for U.K. taxpayers. Shares will be sold to institutional ...
G7 finance chiefs discuss growth risks, urge deal on Greece
May 28th, 2015
* Growth worries top agenda for G7 finance chiefs * Market volatility adds to risks for global recovery * G7 officials discussing Greece on sidelines of talks * U.S. presses Europe, IMF to show flexibility on Greece * IMF, ...
Bank of England Accidentally E-mails Brexit Plans to The Guardian
May 25th, 2015
Bank of England staff are assessing the potential risks related to Britain’s renegotiation of its European Union membership and the threat of the country leaving the bloc. “There are a range of economic and financial issues that arise in ...
U.S. contacts UK FX trader over Bank of England meeting – source
May 14th, 2015
London The U.S Department of Justice has requested an interview with a senior London-based currency trader who attended a meeting with Bank of England officials three years ago that ultimately became pivotal to a global investigation into allegations of ...
Top stories of the day
May 13th, 2015
1. The European Central Bank raised the emergency liquidity assistance (ELA) ceiling for Greek banks by 1.1 billion euros on Tuesday, in the wake of Monday’s Eurogroup meeting that recorded some progress in the talks between the government and its ...
Bank of England says UK economy to grow by 2.5% in 2015
May 13th, 2015
The Bank of England has cut its 2015 growth forecast from 2.9% to 2.5%, and for next year from 2.9% to 2.6%, as governor Mark Carney unveiled his quarterly inflation report. And he told MPs interest rates would rise ...
