United Kingdom

'No prior talks' on emergency interest rate cuts

UK - The world-wide cuts in interest rates in the wake of the terror attacks on New York and Washington was not coordinated in advance, according to a prominent former member of the Bank of England's policy-making Monetary Policy Committee.

Many Britons ignorant of Euro

ARTICLE - Captain Euro is the Euro's friendly-face, an animated character who, with his band of merry men and women, are here to educate people about Europe and its new currency.

Banks fail on internet targets

UK - Banks have failed to meet targets for cost savings from internet banking and almost half believe the business case for setting up web services may not be viable.

Offshore banks warned over controls

UK - Offshore financial centres, which include the Channel Islands and the Isle of Man, face a "bleak future" unless they improve anti-money laundering controls in the wake of the terrorist attacks in the US, Britain's main financial regulator warned…

Plenderleith - UK able to weather econ uncertainty

UK - The U.K. is well placed to weather the current world economic slowdown because of its low inflation and the underlying competitive advantages of major economies, Bank of England executive director Ian Plenderleith said Thursday 20 September in a…

History of central bank intervention

UK - Following is a chronology of intervention in foreign exchange markets by central banks from major industrial nations on the dollar, the yen, the German mark and the euro.

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