98 items found
It was a very different world in 2003 when the governor of the Bank of England landed the job. What would happen if he applied today?
Sir Mervyn King’s interference in the ousting of Barclays’ chief Bob Diamond is difficult to justify, the chairman of the committee investigating the Libor rate-rigging scandal tells Channel 4 News.
If Sir Mervyn King can arrange for Bob Diamond’s demise at Barclays, even though he was cleared of personal wrongdoing over Libor, why not exercise a little more coercive power over banks lending money into the real economy?
We have entered a new world. Politicians now appear sovereign over our banking system. Many in Britain will welcome that. For many, it will be a profound shock. And this is just the beginning, writes Faisal Islam.
Sir Mervyn King has urged the Government not to delay reforming the financial sector and admitted more should have been done to avert the banking crisis.
The Governor of the Bank of England today predicted further quarters of negative GDP growth this year following the latest -0.2% slump recorded in the last quarter of last year. Britain’s economy is likely to “zig-zag” between positive and negative growth said the Governor, introducing the Bank’s quarterly economic healthcheck. Sir Mervyn said that the…
Alongside increasing unemployment, there has also been a steady rise in the numbers of self-employed and part-time workers. Channel 4 News analyses the phenomenon.
It is the Bank of England governor’s piercing assault on bankers that sticks in the mind from today’s important speech in Brighton. He doesnt quite join Occupy the City, but he does suggest that British capitalism’s very legitimacy is up for grabs if bankers go too far on pay.
Bank of England Governor Sir Mervyn King tells MPs measures adopted at the eurozone summit will only provide “a year or possibly two years’ breathing space” and the underlying problems remain.
The phone call came in at 1230. An invitation to see Sir Mervyn that would have been unthinkable three or four months ago. He has only done a round of interviews like this once before, in March 2009, when QE was first launched. We only seem to get these audiences when the Governor has decided to create magic money to try to cure an ailing British economy. And I identify two tightropes he is walking.
Gary Gibbon
The Treasury is not disputing Philip Stephens’ report in the Financial Times (FT) that Sir Gus O’Donnell is asking for a “Plan B” or “possible stimulus measures” to be worked up in case the economy stalls.
Mark Carney, the current governor of the Bank of Canada, is announced as the surprise replacement for the governor of the Bank of England, Sir Mervyn King.
Sir Mervyn King offers green lights to George Osborne, but promises no green shoots to the rest of us. Faisal Islam dissects the Bank of England governor’s comments in Thursday’s live interview.
Sir Mervyn King rejects suggestions that pressure was put on banks to misreport their lending rates, but admits pushing for Bob Diamond’s resignation as Barclays chief executive.
Sir Mervyn King, the governor of the Bank of England, today used the continuing IT meltdown at RBS and NatWest to criticise the structure of the bailed-out banking group. He had stern words for RBS’s management, saying that the FSA should carry out a “full investigation” of the week-long computer problems.