Banks have paid $150-billion collectively in fines, but critical reforms must continue, says Bank of England governor Mark Carney.
Mark Carney, the governor of the Bank of England up before the Treasury select committee was as intensely relaxed as ever.
Traders admit to using chatrooms to trade ahead of the volatile period before benchmarks were set.
Little changed from its overnight close against the major currencies‚ as the rand held steady in early trade on Tuesday.
British 19th century novelist Jane Austen will become the face of the new £10 note, the Bank of England says.
George Osborne can barely contain his glee at installing a 21st century roundhead at the Bank of England.
The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers.
Bank of England policymakers have ordered British banks to make a more "honest" assessment of hidden losses on their balance sheets.
The UK's finance minister, George Osborne, has sprung a surprise by putting Canada's central bank chief in charge of the Bank of England.
SA's exposure to the London interbank offered rate (Libor) scandal spreading globally occurs through the foreign-exchange market in particular.
The Bank of England's governor intervened to ensure that Bob Diamond vacated his post, writes Jill Treanor.
This week's purchasing managers' index figures for 26 countries - including SA - are likely to point to a slowing global economy, writes Matt Quigley.
Fears of deepening recession in the developed world gnawed at investors on Thursday, after glum earnings from US corporate stalwarts.
Bold, comprehensive and at times surprising, the UK's bail-out plan for partial nationalisation is just what the system needed, writes Will Hutton.
Analysts predict the recession will be the worst we've seen for at least 30 years, writes David Teather in London.
Despite South African retail investors having withdrawn R3-billion from offshore funds in the last quarter, fund managers recommend offshore markets.
The scale of losses and the economic fallout from the global credit crunch may not be as bad as feared and subprime losses could end up costing less than half market forecasts, the Bank of England said on Thursday. The central bank is still concerned about the consequences of the credit crisis but Deputy Governor John Gieve said conditions could stabilise soon.
Germany's Finance Minister, Peer SteinbrÃ¼ck, blamed the Bank of England on Friday for the collapse of Northern Rock and the loss of 2 000 jobs, savaging the central bank for not pumping enough liquidity into money markets last year. Unlike the central banks of the United States and European Union, the Bank of England failed to support the banking sector with vital loans, SteinbrÃ¼ck said.
British Prime Minister Gordon Brown, his popularity plunging and his reputation for economic competence under fire, faced his first electoral test on Thursday since taking over from Tony Blair in June. The local council seats up for grabs in England and Wales, alongside a high-profile clash to pick the next mayor of London, were last contested in 2004.