Archive for bank of england

Financial system still a mess say MPs

Nearly two years on from the collapse of Northern Rock financial regulation in Britain “remains in a muddle” according to a damning report.

Sir David Cooksey lined up to chair UKFI

Sir David Cooksey a former director of the Bank of England and adviser to Gordon Brown the Prime Minister has emerged as the leading candidate to oversee Britain’s biggestever privatisation programme.

Sir James Sassoon: why I told the Tories to scrap the FSA

The author of the Conservatives’ blueprint for a shakeup of the financial system is interested in more than scoring political points.

FSA to Unite in face of Tory reforms?

Don’t be surprised to catch Lord “Red Adair” Turner and Hector Sants handing out “Vote Labour” badges at the Financial Services Authority’s annual meeting on Thursday.

Business lending levels continue to plunge

There are scant signs that the Bank of England’s drastic programme of quantitative easing is working economists warned after figures showed that lending to businesses is still plunging while levels of money flowing around the economy are dropping.

Bank of England Governor Mervyn King fears new powers will be poisoned chalice

Only a few months ago Mervyn King insisted in public that the last thing he wanted was for the Bank of England to be given responsibility for microregulating the British banking system.

Tories plan to abolish FSA in radical City shakeup

Conservatives would abolish Financial Services Authority and give its powers to the Bank of England if it wins the next general election.

Conservatives to boost Bank of England’s powers abolish FSA in City shakeup

Conservatives would abolish Financial Services Authority and give its powers to the Bank of England if it wins the next general election.

Tories plan new consumer champion in banking shakeup

Banks will be legally forced to tell customers details of all charges levied on overdrafts mortgages and credit cards under a wideranging shakeup planned by the Conservatives.

Darling calls in bank chiefs

Alistair Darling has summoned Bank chiefs to another meeting in Downing Street to quiz them on why they are still failing to pass on interest rate cuts to their lending charges.

Next Page »