Bank of England governor to face questioning over Northern Rock crisis
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Bank of England Governor Mervyn King is set to testify to a parliamentary oversight committee on Thursday over the recent Northern Rock crisis, with questions being raised over his tenure.
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The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty so far of the credit squeeze sparked by the crisis in U.S. subprime mortgage markets.
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Business & money: Government to get tough with bidders for Northern Rock during crisis meetings
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The future of ailing British bank Northern Rock -- including possible nationalisation -- is to be decided in the next six weeks, finance minister Alistair Darling said in an interview out Saturday.
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Northern Rock is likely to be grilled by shareholders over its sale process at a key meeting later on Tuesday.
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Switzerland's banking regulator will investigate how UBS  ran up losses in the credit crisis requiring billions of dollars of writedowns, a spokesman for the body was quoted as saying on Sunday.
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The Government is to announce its decision on the future of beleaguered bank Northern Rock today
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Secretary of State Peter Hain will face questions from local politicians at a public meeting of the Stormont Committee.
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The Bank of England has stepped in to provide emergency financial support to Britain&#39;s fifth-largest mortgage lender Northern Rock, the latest institution to fall victim to market turmoil, officials confirmed Friday.
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Bank of England governor Mervyn King says new year response to sub-prime losses may tip balance
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The Work and Pensions Secretary is to be questioned by MPs about a computer crisis at the CSA.
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The European Central Bank's president called on banks Wednesday to disclose how much they could lose in the wake of a financial crisis that has tightened credit conditions.
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The government faces calls to overhaul the way banks are monitored after a report into the  Northern Rock crisis.
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The Bank of England has offered an emergency loan to Northern Rock after the mortgage lender became the biggest British casualty of the credit squeeze sparked by the crisis in the U.S. subprime mortgage market.
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The Bank of England is considering making explicit interest rate forecasts, the bank's Deputy Governor for Monetary Policy Rachel Lomax said in a speech on Wednesday, the Financial Times reported.
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Britain's finance minister said on Wednesday he was working on a set of measures which will allow the government to launch emergency rescues if other banks run into trouble similar to that experienced by Northern Rock.
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Citigroup's top Japanese executive faces tough questioning over a scandal that caused the closure of the firm's private bank in Japan.