THE Bank of England has been plunged into fresh controversy with revelations that it is investigating its own staff for possible market manipulation at the height of the financial crisis.
Tag: Bank of England
Interest Rates Remain At 0.5 Per cent Until After Election
INTEREST rates will not rise until well after the general election, the Bank of England has signaled, as it warned that inflation may soon fall below 1 per cent.
Banks Ordered To Raise Billions In Crisis Funds
Bank of England demands fresh increase in reserves as 25 European lenders are poised to fail financial stress tests THE Bank of England will this week unveil tough new rules aimed at preventing future financial crises.
Central Bank’s Payment System Goes Offline
HOUSE purchases and other large transactions were unable to be completed on Monday after the infrastructure that processes large payments between British banks went offline, the Bank of England has said. The central bank said the “Real Time Gross Settlement Payment System” (RTGS), which settles large transfers between banks, went offline at 6am on Monday […]
Lloyds Bank Sacks Staff And Claws Back Bonuses Over Libor Rate-rigging
Lloyds said it could not name the employees because the dismissals were subject to appeal LLOYDS Banking Group today sacked eight managers and traders for the rigging of benchmark interest rates and confiscated £3 million of their future bonuses.