Eurozone tearing itself apart: Mervyn King, Bank of EnglandIMF chief Christine Lagarde hinted at the possibility of a messy Grexit, and said the Fund would have to be prepared.
- UK economy shrinks in Q4
The UK economy shrank in the fourth quarter as companies scaled back investment. GDP dropped 0.2% from third quarter.
- BoE moves closer to Fed on stimulus
Bank of England Governor Mervyn King has moved closer toward joining the Federal Reserve in a global push to add stimulus and stave off ren...
- BoE governor King warns of crisis as problems stay intact
Britain's highly respected central banker has warned that the world could face yet another banking crisis, because "the problem is still th...
- The world could face yet another banking crisis: Mervyn King
At a time when banks are pushing back hard against further regulation and punitive taxes on bonuses, Mr King’s statements has set the cat a...
- Bank of England hasn't preannounced rate hike: Governor
Bank of England Governor Mervyn King said policy makers haven’t preannounced an interest-rate increase and may need to keep borrowing costs...
- BOE to start stimulus exit by raising rate: King
Bank of England Governor Mervyn King said officials will probably raise interest rates before selling bonds when they decide to remove stim...
- ECB, BoE leave interest rates at record low
The European Central Bank left interest rates at a record low after Europe’s sovereign debt crisis forced it to start buying government bon...
- Bank of England set to kick off purchase of distressed assets
Bank of England Governor Mervyn King said officials may start buying assets within weeks to loosen credit markets as the lowest UK interest...
- Bank of England says banks may need more money
Bank of England Governor Mervyn King told British lawmakers on Tuesday that banks could require more capital injections before they are abl...
- Central bankers urge emerging mkts to combat inflation
US and European central bankers are intensifying pressure on counterparts in emerging-market countries to step up the fight against inflati...
- Rising prices likely to keep BoE rate cuts on hold
Reducing the BoE’s benchmark rate to 4.5% from the current 5% would risk unacceptably high inflation, the central bank’s forecasts show.
- India-origin lady among UK's 20 most powerful in public sector
India-origin Shriti Vadera, working in the UK's Department of Business Enterprise and Competitiveness, has been named among the 20 most pow...
- BoE seeks answer to credit chaos
Bank of England governor Mervyn King said the central bank is discussing “longer-term” solutions to the credit crisis with UK financial ins...
- Mervyn King to serve as BoE governor for second term
Mervyn King was appointed to serve a second term as governor of the Bank of England, overcoming criticism that his delay in responding to a...
- SBI may soon get govt nod to raise capital
SBI chairman OP Bhatt said in London that the bank's proposal is with the government and clearance is expected soon. How to open business i...
- BoE governor forced to explain surge in inflation
For the first time since 1997, when the government handed over control of monetary policy to it, the Bank of England governor Mervyn King h...