BoE’s Tucker takes aim at "non-banks"

Something needs to be done about finance companies that act like banks without being facing the same regulations, according to the Bank of England deputy governor Paul Tucker. In a speech ...

Greece votes ‘???’ to austerity plan

As protests and violence in Athens escalated, Greece's MPs voted to pass the country's controversial austerity measures - as markets expected - imperative to the nation escaping a default on ...

IMF names Lagarde as new managing director

The executive board for the International Monetary Fund (IMF) chose Christine Lagarde yesterday as the new managing director for the next five years as of 5 July. The French finance minister ...

Greek opposition MP will vote in favour of austerity measures

According to market sources a member of one of Greece´s opposition parties has said that he will vote in favour of the austerity package. Some market observers ascribe the spike ...

One of six European banks will fail stress tests

One out of six European banks will fail their stress tests, according to sources cited by Reuters. The news agency reports that the European Banking Authority (EBA) will announce in ...

UK Lending to individuals improves ever so slightly, but still weak

Total lending to individuals rose by £1.3bn in May, similar to the previous six-month average of £1.2bn. The twelve-month growth rate, however, remained unchanged at 0.8%, according to the latest ...

London open: Miners track metals prices higher

The Footsie opened strongly on the back of decent gains from the miners, as metals prices headed higher. Antofagasta, Xstrata and Vedanta Resources were among the top risers early on. Tate & ...

Moody´s warns Spain´s regions

Spain's regional governments are likely to face downward pressure if they do not take action to improve their fiscal position, Moody's Investors Service warned on Tuesday. Thus, "several of Spain's ...

FX round-up: Hopes for the euro rise

The euro made gains against the dollar in afternoon trading in New York as currency investors absorbed news that the European Central Bank (ECB) intends to tighten monetary policy next ...

US throws its weight behind Lagarde

The US will support French candidate Christine Lagarde to head the International Monetary Fund (IMF). Treasury Secretary Timothy Geithner backs the French minister, which makes it likelier that she will ...
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