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Top central bankers: Economy needs help despite vaccine news

Nov 13, 2020
U.S. Federal Reserve Chair Jerome Powell said Congress “may need to do more” to cushion the blow from the pandemic.
Chairman of the Federal Reserve Jerome Powell testifies during the Senate's Committee on Banking, Housing and Urban Affairs hearing examining the quarterly CARES Act report to Congress on Sept. 24, 2020, in Washington.
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Bank of England, U.K. government take policy action over COVID-19

Mar 11, 2020
On Wednesday, just hours before the U.K. government will outline new spending plans, the Bank of England announced the cuts.
Mark Carney (left), governor of the Bank of England, and Andrew Bailey, governor-designate of the Bank of England, arrive to attend a news conference on March 11, 2020.
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Bank of England involved in Libor scandal, reports the BBC

Apr 10, 2017
The BBC has obtained a secret recording that links the bank to Libor rigging.
A view of the Bank of England in the City of London.
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New five pound notes contain traces of tallow

Nov 29, 2016
Vegetarians and other groups petition to have the animal fat derivative taken out.
Bank of England Gov. Mark Carney poses with a new polymer five pound note in London in September.
Stefan Wermuth - WPA Pool/Getty Images

Bank of England to make it easier for banks to lend money

Jul 5, 2016
Following the recent Brexit vote, England's central bank says it will use financial tools for stability.
A Bank of England sign is displayed outside the bank in London, England. 
Peter Macdiarmid/Getty Images

What happens when banking becomes alchemy?

Mar 17, 2016
If that is the case, then should we be worried?

Britain's new bank chief takes the helm

Jul 1, 2013
Canadian Mark Carney takes over running the Bank of England today. Carney looks good and has star power, but some wonder whether the current adulation will last.

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Amid fears of triple-dip recession, U.K. future uncertain

Jan 25, 2013
Days after David Cameron announced a referendum on U.K. membership in the EU, figures out today revealed that Britain is at risk of slipping into its third recession in a row, leading to further uncertainty about the U.K.'s future.

Canadian Mark Carney to lead Bank of England

Nov 26, 2012
Carney was most recently the governor of the Bank of Canada.

England, France facing more financial struggles

Aug 8, 2012
The Bank of England forecasts this morning the U.K. economy will not grow at all in the coming quarter. Across the channel, the French central bank says the euro's second-largest economy is headed for its own recession. And Germany's being infected by all this through its exports, which fell in June.