• Tue
  • Sep 23, 2014
  • Updated: 7:30am

Bank of England

Britain to ease rules for branches of Chinese and other non-EU banks

Britain’s central bank set lighter conditions on Wednesday for branches of Chinese and other non-European investment banks as part of efforts to bolster London’s role as a financial centre.

Wednesday, 26 February, 2014, 3:07pm

Interest rates kept on hold in Europe

The European Central Bank (ECB) left interest rates at a record low 0.5 per cent yesterday and affirmed they will remain there for some while to come and could yet fall further.

2 Aug 2013 - 3:17am

Canadian becomes first foreigner to head Bank of England today

Canadian Mark Carney begins his job as governor of the Bank of England (BoE) today, joining an institution divided on whether to pump out more cash stimulus to boost Britain's fragile recovery.

1 Jul 2013 - 4:17am

Britain’s bankers look forward to Carney era

To many in the City of London financial centre, incoming Bank of England governor Mark Carney looks and sounds like one of them.

His instincts for finance were shaped at the outset by 13 years working for Goldman Sachs - a contrast with his predecessor Mervyn King, an academic economist.

King, like many in the country, has barely disguised his disdain for bankers.

26 Jun 2013 - 11:44am

China, Britain central banks agree on currency swap line

The deal was agreed Saturday between Bank of England governor Mervyn King, who steps down at the end of the month, and his counterpart Zhou Xiaochuan of the central People’s Bank of China.

23 Jun 2013 - 1:24pm

Bankers' high pay is governments' fault

Ten times as many London-based bankers as previously expected could be caught by Europe's cap on bonuses in a fresh sign that regulators are attempting to clamp down on City of London pay.

21 May 2013 - 5:46am 1 comment

Don't demonise bankers, says outgoing Bank of England governor

The outgoing Bank of England governor has called on the British people not to "demonise" bankers, prompting debate on how much responsibility he should take for the financial crisis.

21 May 2013 - 5:40am

Bank of England set to hold rates after upbeat data

The Bank of England is expected this week to hold record-low interest rates and its quantitative easing cash stimulus, after encouraging British economic growth data and despite fresh moves elsewhere to loosen monetary policy, dealers said.

8 May 2013 - 2:05pm

'Modest' upward trend in UK house prices predicted

Prices rose 0.2 per cent from the previous month to an average £163,943 (HK$1.95 million), the mortgage unit of Lloyds Banking Group said. From a year earlier, values were up 0.3 per cent.

10 Apr 2013 - 5:47am

U.K. banks told to raise an extra £25b

Banks need to set aside more money to cover bigger potential losses on commercial real estate and from the euro area, possible fines for mis-selling and stricter risk models, the Bank of England said following a report by the Financial Services Authority.

28 Mar 2013 - 5:52am