United Kingdom | Tuesday, 6 January 2009

Bank Articles

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1. RBS says govt to take 57.9 percent stake
Royal Bank of Scotland said the government will take a 57.9 percent stake in the group after investors took up just 0.24 percent of the shares offered in its state-backed capital raising.
28 Nov 2008
2. Bank makes shock 1.5 percentage point cut
The Bank of England made a shock 1.5 percentage point cut in interest rates on Thursday to just 3 percent, their lowest level in more than half a century, as it seeks to prevent the country from sliding into a deep recession.
06 Nov 2008
3. What the Bank has to weigh up
The Bank of England is expected to cut interest rates to 4 percent or below from 4.5 percent on Thursday due to the bad economic outlook.
03 Nov 2008
4. Brown wants EIB boost for lending
Prime Minister Gordon Brown called on Thursday for the European Investment Bank to boost lending to small businesses that are suffering because of the global credit crunch and looming recession.
30 Oct 2008
5. Banking system seen to be stabilising
Global intervention should steady the banking system but it will also put big constraints on banks, the Bank of England said on Tuesday, six months after it said it expected confidence to return to financial markets.
28 Oct 2008
6. Recession fears swamp signs of bank crisis easing
Fears of global recession overshadowed signs on Wednesday that government attempts across the world to end the gravest global financial crisis in 80 years may be bearing fruit.
22 Oct 2008
7. Bank voted 9-0 for coordinated rate cut
All nine Bank of England Monetary Policy Committee members voted for this month's globally co-ordinated 50 basis point emergency cut in interest rates, minutes of their October 8 meeting showed on Wednesday.
22 Oct 2008
8. Bonus structure encouraged bank risk-taking
Banks have been encouraged to grow faster than was sustainable and the bonus system rewarding bankers has encouraged "excessive risk taking", which may have contributed to the financial crisis, the chairman of HSBC said.
21 Oct 2008
9. More European banks turn to bailouts as shares gain
European banks lined up on Monday to tap state rescue packages to shore up their finances, part of measures to stem a global crisis that have begun to restore trust between institutions.
20 Oct 2008
10. Bank to launch discount window facility on Monday
The Bank of England will launch on Monday a permanent successor to its Special Liquidity Scheme introduced to ease the credit crunch, in a major reform of the way it keeps money flowing through the financial system.
17 Oct 2008
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