Mark Carney, the Bank of England governor, highlighted the strength of the domestic British economy on Thursday, indicating that he still thought the conditions were right to consider raising interest rates around the end of this year.
LIMA Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.
A leading MP has called on regulators to ensure that small banks are not held back by a new “supertax”, and to consider changing the rules on how much capital they must hold in case of bad times.
The London Stock Exchange Group is set to offload Russell Investments, an asset management business it inherited with the purchase of index compiler Frank Russell, for $1.15bn to private equity group TA Associates.
Bond king Bill Gross sued Pacific Investment Management Co and parent Allianz SE for "hundreds of millions of dollars," claiming he was wrongfully pushed out as the bond giant's chief investment officer by a "cabal" of executives seeking a bigger slice ...