Policymakers at the Bank of England (BoE) will seriously consider implementing further monetary stimulus in the near future in order to protect the ailing British economy.
That is according to George Buckley, an economist at Deutsche Bank, who believes the combination of ongoing issues in the eurozone and government spending... read more
National Australia Bank (NAB) saw its net profit decline sharply in the opening stages of 2012, figures published today (10 May) have revealed.
According to data released by the financier this morning, it experienced a 15.5 per cent fall in its revenue during the six months up to 31 March - a fall it primarily attributes to... read more
HSBC has announced it plans to continue streamlining its global business by selling some of its South American operations.
In a statement issued to the Hong Kong stock exchange this morning (10 May), the major European bank revealed it is in negotiations to get rid of a number of its divisions in the Latin American... read more
Orc has unveiled new market gateways to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) as it seeks to provide low-latency connectivity for international traders and participants on India’s two largest exchanges.
Both domestic and international trading houses will be able to use Orc's connectivity and... read more
The Spanish government is to part-nationalise embattled financier Bankia, it has emerged today (10 May).
Under the terms of a contract unveiled by the Bank of Spain (BoS), the central institution will take on a 45 per cent stake in shares at the struggling lender, which has run into trouble due to its exposure to the ongoing... read more
Further quantitative easing (QE) is unlikely to be implemented by the Bank of England (BoE) today (10 May), economists believe.
Later this morning, the BoE's Monetary Policy Committee (MPC) is set to hold its monthly meeting to discuss financial issues such as its asset purchasing budget and the country's base interest... read more
Nine central securities depositories (CSDs) in Europe, including major players such as Clearstream in Germany, have signed up to take part in the European Central Bank's (ECB) long-running Target 2 Securities (T2S) platform, which is intended to streamline securities settlement across the Eurozone, but is still proving controversial with... read more
