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Central Banking & Monetary Policy

Scramble to save banks as IMF warns of meltdown

Rich nations rushed to shore up the global financial system after the International Monetary Fund warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's...

Robert Peston's blog - where is the leak?

Christopher Leake, Mail on Sunday Robert Peston's blog has delivered scoop after scoop on the UK bankling crisis - but where are the BBC business editor's string of exclusives coming from? The BBC's business editor Robert...

Bank shares set 'to be suspended' as Government hammers out £35bn bail-out of RBS and HBOS

Banking shares could be suspended tomorrow while the Government agrees a £35billion lifeline for some of Britain's biggest banks. The Treasury and bank chiefs are understood to be locked in talks today.

Brown urges eurozone to copy UK

Mr Brown will urge his EU counterparts to follow Britain's lead Gordon Brown has promised Britain will "lead the way" through the global financial crisis, ahead of an emergency summit of European leaders in Paris. The prime...

Dow Jones Crash Shows $700 Billion Bailout an Exercise in Futility

Troubled Ass Relief Program (Tarp) - As the precipitous drop of the Dow Jones index of industrial stocks to the 8600 level on Thursday shows, the $700 billion bailout is an exercise in futility. The rescue effort administers...

EU's Almunia sees room for near-term ECB rate cut

Falling euro zone inflation and stabilising inflation expectations could make room for a European Central Bank interest rate cut, Economic and Monetary Affairs Commissioner Joaquin Almunia said on Saturday.

Bank crunch 'may hit council pay'

Councils around Britain have deposits with the failed Icelandic banks Fears are growing that some local government workers may not be paid this month, because councils have payroll tied up in failed Icelandic banks. Council...

Austria witnesses new gold rush

There's a new gold rush. Both international speculators and ordinary Austrians want to get their hands on gold The interest in gold coins is so great that many of the world's major mints are struggling to keep up with demand,...

UAE central bank guarantees deposits

By Robin Wigglesworth in Abu Dhabi The United Arab Emirates said on Sunday it will guarantee all credit risks and deposits at national banks and interbank lending among all banks operating in the UAE. The Abu Dhabi-based...

Britain's most difficult job?

Yes, the pay is good, but it's a tough ask: head of financial stability at the Bank of England It's not actually advertised as Britain's most difficult job, but I can't imagine there are many tougher ones on offer at the...

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