- Obama downplays IRS scandal, blames Obamacare rollout on ‘outdated’ agencies
- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
Bank Of England
Latest Bank Of England Items
Spain and Italy gave financial markets a boost Thursday as they successfully raised nearly euro22 billion ($27.98 billion) in two keenly watched debt auctions that showed renewed investor confidence in the countries' attempts to get a grip on their debt problems.
The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American dollars.
Federal Reserve Chairman Ben S. Bernanke says a key lesson learned from the 2008 financial crisis is that central banks must have a dual goal of controlling inflation while supporting the banking system.
Stronger than expected U.S. jobs figures helped stocks rally Thursday and helped investors brush off interest rate increases in China and Europe.
The Gnomes of Zurich were derogatory caricatures of secretive, greedy, stiff Swiss-German bankers, pince-nez aquiver, who ruled over the land of secret numbered accounts for tax dodgers the world over. With the world's best financial intelligence service, they knew their stuff and seldom spoke, even in retirement.
LONDON (AP) — British Treasury chief Alistair Darling said yesterday that ailing mortgage lender Northern Rock would issue state-guaranteed bonds to repay billions in emergency government loans, asserting that a private-sector rescue without government help was impossible.