Bank of England

Aspiring M.B.A.s and lawyers should gird themselves for a stern talking-to when Lord King of Lothbury comes to town. Read more »

Or, um, something like that. Read more »

  • 05 Mar 2014 at 3:49 PM

New Bank Ensnared In Rategate

Surprise! It’s the Bank of England. Read more »

The soon-to-be-former Bank of England governor’s got a lot of problems with your people. And now, you’re gonna hear about it. Again. Read more »

Mervyn King is leaving the Bank of England in a couple of months, and he’s got nothing to lose. So he’s spitting in George Osborne’s eye, blaming RBS for bollocking up the British economy and calling for a Solomonic solution to the problem. Read more »

When your economy has ground to a standstill and stayed there for a period of years, it would make sense to cast about for a new central banker whose approach was somewhat different. And by different we mean more successful. Read more »

Bankers’ pay needs to be curbed further to reflect the risk of a bank failure many years after a bonus has been awarded, the Bank of England (BoE) said before the annual bonus season begins next month. The European Union has already introduced curbs on bankers’ bonuses after huge payouts were criticized for helping to create the climate that led to the financial crisis in 2008. Bank shareholders, too, expressed dismay at large bonuses for bank employees despite poor returns. Measures taken so far include the requirement for a portion of bonuses to be paid in shares over several years, but the BoE’s Financial Policy Committee (FPC) believes that these do not go far enough. Chunks of a bonus are typically deferred for only three years. The FPC, which takes over British bank regulation next year, said that this is not sufficient to deter bankers from taking risky decisions that can have an adverse impact many years later. [Reuters]