United Kingdom | Sunday, 23 November 2008

Bank Articles

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51. Bank of England split on rates
Bank of England policymakers were split three ways in August for a second month running, with one voting to hike interest rates, another to cut but the remaining seven deciding to keep borrowing costs steady at 5 percent.
20 Aug 2008
52. Banks may avoid worst of household debt pain
Action taken by banks to rein in personal lending after a spike in bad debts two years ago could help them avoid crippling losses on consumer business as the economy nears recession and pressures on households increase.
20 Aug 2008
53. Besley says fighting inflation tough task
Bank of England monetary policy committee member Tim Besley said on Tuesday the Bank faced a difficult task in fine-tuning monetary policy to try to help the economy whilst also keeping inflation in check.
19 Aug 2008
54. Economist says large U.S. bank collapse ahead
The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.
19 Aug 2008
55. Commonwealth Bank eyeing BankWest
Commonwealth Bank of Australia (CBA), the country's No. 2 bank by assets, may offer over A$6 billion (2.8 billion pounds) to HBOS for its Australian unit BankWest, the Australian newspaper reported on Monday.
18 Aug 2008
56. Bank leaves door open for rate cut
The Bank of England raised expectations on Wednesday of an interest rate cut possibly before the year-end as it forecast inflation falling below target in two years as the economy grinds to a standstill.
14 Aug 2008
57. Bank to flag inflation risk
The Bank of England's quarterly inflation report on Wednesday is likely to show the economy is drifting perilously close to the rocks but there is little policymakers can do to steer it away.
13 Aug 2008
58. Are central banks getting it all wrong?
The world may have changed on August 9 last year as the credit crunch first bit, and even some policymakers are beginning to question whether the way they work out what's happening in the economy is flawed.
11 Aug 2008
59. RBS sags to 691 million pound loss
Royal Bank of Scotland fell to a first-half loss of 691 million pounds, one of the biggest losses in UK corporate history but not as big as expected, after taking a 5.9 billion writedown on the value of risky assets.
08 Aug 2008
60. Interest rates steady at 5 percent
The Bank of England held interest rates at 5.0 percent on Thursday for the fourth straight month, and borrowing costs are expected to remain on hold for a while as policymakers balance slowing growth and rising inflation.
07 Aug 2008
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