In her statement, Dos Santos said “stolen documents” had been “leaked selectively to give a false impression of my business activities”. She added: “It is an attempt to neutralise me and to discredit the legacy of president dos Santos and his family. No one should be taken in by these diversionary tactics.” … [Read more...] about Executive at Portuguese bank co-owned by Isabel dos Santos is found dead
Under the new schemes the Treasury and the Bank of England are promising to funnel £80billion of cheap lending to businesses and households through the high street banks. In addition the Bank is offering the high street banks the chance to borrow an extra £60billion a year directly from the Old Lady just to make sure they have enough cash in hand to prevent the financial system from freezing over. … [Read more...] about £140bn kiss of life for Britain: Chancellor and Bank of England in ‘panic’ bid to hand small firms and house-buyers cheap loans – but will this gamble kick-start the economy?
Staffordshire Police agreed with the Bank of England that the cash is genuine, but a spokesperson also warned people to be on their guard for fake notes. … [Read more...] about Shop owners have complained about huge numbers of ‘fake’ fivers, but the Bank of England insists they are real
But Miles, who consistently voted for an extension of the Bank's £375bn programme of quantitative easing from November 2012 until Carney's arrival in July, echoed Carney's insistence that the move upwards in rates had been a "benign tightening", because it reflected growing confidence in the strength of the economy. … [Read more...] about Bank of England defends policy of forward guidance
A Treasury spokesman said: "Britain has been at the forefront of global reforms to make banking more responsible, including big reductions in upfront cash bonuses and linking rewards to long-term success. These latest EU rules on bonuses, rushed through without any assessment of their impact, will undermine all of this by pushing bankers' fixed pay up rather than down, which will make banks themselves riskier rather than safer." … [Read more...] about EU commissioner defends cap on bank bonuses in face of British challenge