Bank of England Offers Somber Assessment of British Economy
LONDON — The British economy might shrink again in the fourth quarter as troubles in the euro zone and rising prices take their toll on a fragile recovery, Mervyn A. King, the governor of the Bank of...
View ArticleDealBook: Lloyds and R.B.S. Detail Plans to Increase Capital Reserves
Toby Melville/ReutersA Royal Bank of Scotland branch in London. Two of Britain’s largest banks outlined plans on Wednesday to increase their capital reserves after local authorities demanded that the...
View ArticleDealBook: Pressure in Britain Over What to Do With Bailed-Out Banks
Pool photo by Jack HillJustin Welby, the archbishop of Canterbury, urged a bank split. The archbishop of Canterbury, a former chancellor of the Exchequer and the outgoing governor of the Bank of...
View ArticleDealBook: Bank of England Official to Leave
Neil Hall/ReutersPaul Tucker, deputy governor of the Bank of England. LONDON – The Bank of England said Friday that Paul Tucker would resign as deputy governor. The announcement comes two weeks before...
View Article2 Central Banks Promise to Keep Rates Low
The bid to reassure investors brought the two central banks into closer alignment with the Federal Reserve, which, under Chairman Ben S. Bernanke, has become more open about its intentions. At the same...
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