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The pound traded close to an all-time low against the euro and near the weakest since 2002 versus the dollar as the Bank of England cut its key interest rate to 2pc. The nine-member Monetary Policy Committee, led by Governor...
LONDON (Reuters) - New Star Asset Management's bank syndicate seized hold of the British fund manager in a debt-for-equity swap, the group said on Wednesday, adding it would delist from the stock exchange.
By Juan Lagorio NEW YORK, Dec 4 (Reuters) - Capital One Financial Corp (COF.N: ), a credit card issuer and bank, will acquire Chevy Chase Bank in a $520 million cash-and-stock deal, expanding its retail deposit base, the...
and Nomura Holdings (6501.T: ) announced big job cuts on Thursday, further evidence the global financial crisis is unrelenting for an industry battered by heavy losses and weak markets. The 5,300 layoffs by the Swiss bank and a...
The Bank of England's Monetary Policy Committee has decided on a further cut in the Bank rate. This is set to benefit many tracker and variable rate mortgage holders whose monthly repayments will fall. Here is a snapshot of the...
The following is the Bank of England's statement which accompanied its December 4 decision to reduce interest rate by 1 percentage points to 2pc. In the United Kingdom, business surveys have weakened further and suggest that...
