Sunday, May 26, 2013 9:26 AM EST

Bank of England

The Bank of England (formally the Governor and Company of the Bank of England) is, despite its name, the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for HM Government.

Headlines Around the Web

King-sized good news on economy

May 12 - Independent

Articles About Bank of England

Euro Fails to Breakout as ECB Fires Warning Shot- H&S in Tact

By DailyFX

The Euro climbed to an overnight high of 1.2992 as Germany's IFO Business Confidence survey advanced to 105.7 from 104.4 in April to mark the first rise in three-months, but we're seeing the EURUSD struggle to breakout of the range from ear... (May 24)

MORE TOPICS: DOW JONES, TWITTER, EUROPEAN CENTRAL BANK, INVESTMENT

Vince Cable, UK Business secretary speaks with IBTimes UK exclusively (Photo: Reuters)
Vince Cable: UK’s Biggest Banks Talk ‘Absolute Nonsense' on SME Lending Demand

By IBTimes UK

UK Business secretary tells IBTimes UK that Britain’s biggest banks are lying and challenger banks will boost lending (May 24)

MORE TOPICS: MORTGAGE, INVESTMENT

Bank of England's Fisher says does not want U.S.-style QE pledge

By Reuters

A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term stimulus like that of the U.S. Federal Reserve. (May 24)

MORE TOPICS: FEDERAL RESERVE, BEN BERNANKE, INVESTMENT, LONDON

UK wages
More UK Wages Misery As April Pay Awards Drop

By IBTimes UK

Pay awards in three months to April decline as inflation continues to oupace wage growth - XpertHR. (May 24)

MORE TOPICS: MANUFACTURING, STORM

UK may be three quarters of the way through debt purge - Fisher

By Reuters UK

Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the financial crisis, a top Bank of England policymaker said on Friday. (May 24)

Signs of weakness mar UK economic growth

By Reuters UK

Britain's better-than-expected economic growth in the first quarter turns out to have been boosted by a rise in inventories, while consumer spending was weak and investment fell, raising questions whether the nascent recovery will last. (May 23)

MORE TOPICS: BNP PARIBAS, GDP, INTERNATIONAL MONETARY FUND, INVESTMENT

State-backed banks gain approval for capital plans

By Reuters UK

State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading its shares. (May 23)

MORE TOPICS: BARCLAYS, HSBC, ROYAL BANK OF SCOTLAND, NEW YORK, MANAGEMENT, INTERNATIONAL MONETARY FUND

IMF urges UK to spend more to fund investment

By Reuters UK

Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by chancellor George Osborne. (May 23)

MORE TOPICS: IMF, ROYAL BANK OF SCOTLAND, EUROPEAN UNION, RETAIL SALES, RETAIL, INTERNATIONAL MONETARY FUND

State-backed UK banks gain approval for capital plans

By Reuters UK

State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading its shares. (May 22)

MORE TOPICS: BARCLAYS, HSBC, ROYAL BANK OF SCOTLAND, NEW YORK, MANAGEMENT, INVESTMENT

Christine Lagarde George Osborne
New Blow for Osborne as IMF Warns Austerity is Stunting UK Economy

By IBTimes UK

IMF concludes UK visit by warning George Osborne: 'Slow growth could permanently damage medium-term growth prospects.' (May 22)

MORE TOPICS: UNEMPLOYMENT, IMF, GDP, QUANTITATIVE EASING, INVESTMENT