U.K. Retail Sales Down More Than Expected
Bank of England Gov. Mervyn King said the Monetary Policy Council had not completely ruled out an additional round of QE in the future, should it be necessary, to boost growth.
Gold to Soar: Deutsche Bank
Gold is destined for another increase, according to the head of metals trading at Deutsche Bank. In fact, it’s set to jump above $2,000 as governments use stimulus to counter any slowing in economic recovery.
BoE Holds Off on QE
The Bank of England (BoE) held off at its latest meeting on pouring additional funds into the British economy, opting instead to rely on a new lending scheme devised by the bank as concern over inflation grew.
Tough Talk in U.K. on Banks, Starbucks Taxes
The U.K. was sounding a note of authority with assertions that banks should be compelled to hold a certain amount of capital and threats of an investigation into Starbucks’ tax affairs.
Goldman President Cohn Will ‘Probably Read’ Op-Ed Writer’s Tell-All Book
Is all forgiven? Probably not.
Few Apply for Top BoE Spot
The list of candidates to succeed Mervyn King as governor of the Bank of England is smaller than expected, with many potential candidates disqualified because of recent investigations into bank misdeeds, and two of the top contenders off the list by choice.
BoE Votes to Continue QE as Split Emerges
Meanwhile, members voted to maintain the central bank’s interest rate at its current low of 0.5%.
Global Investing and Election: 6 Key Strategies by 6 Top Analysts
To sort out the pros and cons of international investing this election season, AdvisorOne went straight to the source for some of the best commentary from thought leaders in asset management.
French Banks’ Trading Assets Create ‘Systemic Risk’
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
August Deficit Hits Record in U.K.
Chancellor of the Exchequer George Osborne could be in for some tough times from the British public should he continue to push through cuts in an attempt to contain the deficit.