United Kingdom | Sunday, 23 November 2008

Bank Articles

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31. Bank voted 8-1 for steady rates
The Bank of England's Monetary Policy Committee voted 8-1 to keep interest rates at 5 percent this month with David Blanchflower calling for a half-point reduction in borrowing costs.
17 Sep 2008
32. Inflation to prompt Bank explanation
Rising utility bills are likely to push inflation to a new series high in August, requiring Bank of England Governor Mervyn King to write another explanatory letter to the government.
16 Sep 2008
33. Barclays talks to buy Lehman core U.S. unit
Barclays is in talks with Lehman Brothers to buy its core U.S. broker-dealer businesses, including equity, fixed income, M&A advisory and other parts, people familiar with the matter said.
16 Sep 2008
34. Darling says central banks must help markets
Chancellor Alistair Darling said on Tuesday that the world's central banks must act together to give stability to the financial system while market turmoil persists.
16 Sep 2008
35. Bank says will steady pound if necessary
The Bank of England is monitoring conditions in sterling money markets following Lehman Brothers' filing for bankruptcy and will act to stabilise them if necessary, it said on Monday.
15 Sep 2008
36. Bank of America to buy Merrill
Bank of America said it agreed to buy Merrill Lynch in an all-stock deal worth $50 billion (27.7 billion pounds), snagging the world's largest retail brokerage after one of the worst-ever weekends on Wall Street.
15 Sep 2008
37. Wall Street shaken by Lehman failure
The ruptured U.S. financial system faces an unprecedented shake-up with Lehman Brothers filing for bankruptcy, Bank of America buying Merrill Lynch and the Federal Reserve saying for the first time it will accept stocks in exchange for cash loans.
15 Sep 2008
38. Deutsche Bank swoops on Postbank
Deutsche Bank has swooped on Deutsche Postbank in a deal worth up to $13 billion (7.3 billion pounds) that could cement its dominance in Germany by handing it control of the country's biggest retail lender.
12 Sep 2008
39. Bank's Tucker says downside inflation news offset by pound
Most of the news since August has been on the downside for both the growth and inflation outlook but this has to be offset against the fall in the pound, Bank of England policymaker Paul Tucker said on Friday.
12 Sep 2008
40. Holiday firm XL faces bankruptcy
The nation's third largest package holiday operator, XL Leisure Group, said on Friday it had gone into administration and grounded all flights, leaving thousands of holidaymakers stranded.
12 Sep 2008
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