United Kingdom | Sunday, 23 November 2008

Bank Articles

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161. Bank of England in no rush to cut rates
The economy is slowing but price pressures are on the rise, and policymakers need to be alert to both risks, Bank of England officials said on Tuesday in a sign that interest rates will come down only gradually.
27 Feb 2008
162. Deputy BoE governor gives 2008 outlook
Rachel Lomax, deputy governor of the Bank of England has said that the economic outlook for 2008 has "changed dramatically" and that there was still uncertainty resulting from last year's credit crunch.
26 Feb 2008
163. Bank fees rise to record in '07 expect a fall in '08
Investment banks saw the amount they earn in fees rise to record levels for the fifth year in a row in 2007, despite the impact of the credit crunch on major banks.
25 Feb 2008
164. Deutsche says credit turmoil has helped emerging markets
Recent turmoil in Western financial markets has benefited emerging markets, which have largely dodged any cascading shocks, Deutsche Bank's chief executive said on Saturday.
25 Feb 2008
165. Minutes hold outside chance of BoE rate dissent
Most economists believe all nine members of the Bank of England's Monetary Policy Committee voted to lower borrowing costs by 25 basis points to 5.25 percent earlier this month.
20 Feb 2008
166. U.S. banks said "quietly" borrowing $50 billion from Fed
Banks in the United States have been quietly borrowing "massive amounts" from the U.S. Federal Reserve in recent weeks, using a new measure the Fed introduced two months ago to help ease the credit crunch, according to a report on the web site of The Financial Times.
19 Feb 2008
167. Company wind-ups drop in 2007
According to the Ministry of Justice, the number of companies applying to be wound up in England and Wales dropped by three per cent in 2007. According to the ministry's latest figures 11,791 companies folded last year due to insolvency or other problems.
15 Feb 2008
168. Bank of England indicates moderate rate cuts only
The Bank of England has indicated today that it will not cut interest rates as much as many in the financial sector expect it to this year. The Bank released its quarterly inflation report today, in which it predicted higher inflation and a slowing of growth from around current levels of three per cent down to under two per cent by the end of 2008.
13 Feb 2008
169. Bank of England to cut growth forecasts
The Bank of England's quarterly forecasts on Wednesday are likely to signal a deterioration in both growth and inflation prospects, suggesting future interest rate cuts will be gradual.
13 Feb 2008
170. Three banks offer to securitize Northern Rock loan
Royal Bank of Scotland, Barclays and Citigroup have offered to securitize half of the Bank of England's emergency loan to Northern Rock, The Sunday Telegraph reported, without citing sources.
11 Feb 2008
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