BoE's King sees more trouble, then improvement for banks
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Bank of England governor Mervyn King said Tuesday he expected commercial banks to face more problems in the fallout from the global credit crunch but conditions should improve early next year.
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The British bank could face nationalization should an effort being led by Prime Minister Gordon Brownâs government fail to find a buyer.
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Chancellor Alistair Darling says the UK's system of banking regulation needs to be changed after the run on the Northern Rock.
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New reforms aim to avert another Rock-style crisis as consumers and firms face worsening of credit supply
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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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Banks, which have used a glut of cheap  money to help fuel a boom in real estate and leveraged company  buyouts, may face a rough ride when lending conditions turn  sour, the Bank for International Settlements said on Sunday.
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Bank of England chief Mervyn King has been reappointed for a further five years, a government spokesman said Wednesday, ending speculation over his future due to the Northern Rock bank crisis.
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Business & money: Britain's third largest bank first  to admit it is feeling financial pain of customers reclaiming overdraft and other fees.
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Bank of England chief Mervyn King has been reappointed for another five years, the government announced Wednesday, ending speculation over his future due to the Northern Rock bank crisis.
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Last yearâs bankruptcy reforms could make the current credit squeeze even worse; the varieties of money laundering; and a warning to customer service managers.
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Commercial banks sought slightly more funds than were available Tuesday in a three-month offer of cash made under a special refinancing arrangement announced last week, the Bank of England said.
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Business & money: Bank's management faces hostile shareholder meeting amid signs fate is in the government's hands
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The Fed Chairman struck a familiar chord but showed some concern that subprime woes may spill into the broader economy.
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The pound was lower against its major rivals after a very dovish speech from the Bank of England's (BoE) policymaker David Blanchflower.
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Bank of England Governor Mervyn King won a second term as head of Britainâs central bank.
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Bank of England governor Mervyn King can expect tough questioning when he faces MPs on Thursday.
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The Bank of England puts a further Â£4bn into the banking system in an effort to ease current market jitters.