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The Bank of England's reputation is at stake as its independent directors conduct a review into whether bank officials knew of or condoned potential manipulation of the currency markets, Mark J...Last week, the central bank suspended one of its
The European Central Bank is not being complacent about low eurozone inflation, even though it did not cut interest rates this month, one of its a board members said on Tuesday. "We have room left to act. The deposit rate could be negative, for
China is likely to ease controls on interest rates paid on bank savings within two years and will allow wider use of its tightly controlled currency for trade and investment, the central bank governor said Tuesday. Zhou Xiaochuan's comments follow
Cosgrave Property Group are seeking more than 250m damages from Ulster Bank over alleged mis-selling of financial derivative instruments or "swaps" under which some 370m is allegedly outstanding to the bank. Chiquita and Dublin-based Fyffes are
A book that creates fresh awareness on challenges to monetary and fiscal policies, especially in emerging economies Hard core monetarists had a Talmudic attachment to the model developed by Robert Mundell and Marcus Fleming seven decades ago. It
The overall profitability of Gulf Cooperation Council (GCC) banks is forecast to grow at high single digits this year, according to a study by Kuwait Financial Centre (Markaz). Lending is forecast to increase by mid-single digit in 2014 for the GCC
10pm EDT Sabine Lautenschlaeger, executive board member of the European Central bank (ECB), looks on during the Bundesbank Banking Congress ''Symposium on Financial Stability and the Role of Central Banks'' in Frankfurt, February 28, 2014.
Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets but could also lead to excessive risk-taking, research from the Bank for International Settlements said on Sunday.
Tim Geithner, then head of the New York Federal Reserve, described the need for dollars in emerging economies in the dark days of October 2008, according to transcripts of a Fed meeting released last month. To help smooth out those lumps, the Fed
PPI repays your loan, mortgage or credit card should you lose your job. More than one in five PPI policies were mis-sold, according to a new Central Bank investigation into the product, which was published last week. PPI was hugely profitable for