Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Mervyn King

Mervyn King stories: 7 news summaries
OPINION

25 People Responsible
for the Crisis

Greenspan, King, and Clinton all played a role, the Guardian writes

Jan 26, 09 3:25 PM CST
(Newser) - The current recession is a wholly man-made phenomenon, the Guardian reminds us, and they’ve got the names of those responsible. Here are four from their list of 25:
  • Alan Greenspan: Fed chair for 19 years, Greenspan kept interest rates low as the housing bubble developed, backed subprime lending
... More »

MORE ABOUT:
Bill Clinton • Alan Greenspan • credit market • Bank of England • Standard and Poor • Mervyn King • George W. Bush • Phil Gramm • financial crisis • recession depression

Pound Craters After Latest
Grim Stats

British currency
falls to $1.56 amid recession fears

Oct 24, 08 5:08 AM CDT
(Newser) - The British economy shrank by 0.5% last quarter, all but confirming that the UK is in its first recession since 1991, reports the Times of London. The decline is greater than expected, and this week both the prime minister and the head of the Bank of England acknowledged that... More »

MORE ABOUT:
United Kingdom • Gordon Brown • recession • pound • Britain • US dollar • Mervyn King • economy • financial crisis

 Global Stocks Pounded, 
 Dollar Hits Record Highs 

Greenback soars to 5-year high against the pound

Oct 22, 08 5:40 AM CDT
(Newser) - Stocks in Asia and Europe dove once again today, with banks leading losses as the continuing economic downturn hit corporate profits. The Nikkei in Tokyo closed down 6.8%, and London's FTSE opened down 2.3% after the Bank of England said that the country is in a recession. Meanwhile... More »

MORE ABOUT:
pound • euro • Nikkei • FTSE • Asian stocks • Bank of England • US dollar • Mervyn King • European stocks

 Bank of England
 Cuts Interest Rate 

Bank votes quarter-point cut to 5% as  downward pressure mounts

Apr 10, 08 7:35 AM CDT
(Newser) - The Bank of England today cut its benchmark interest rate 25 basis points to 5%, reports Bloomberg, hoping to keep the nation’s economy out of recession. Despite the third cut since December, BoE’s rate remains the highest among the Group of Seven industrialized nations; policymakers have drawn fire... More »

MORE ABOUT:
inflation • Gordon Brown • recession • credit crisis • Bank of England • Mervyn King • interest rate cut

Bank of England Governor Gets 2nd Term

King reappointed despite criticism over Northern Rock

Jan 30, 08 9:40 AM CST
(Newser) - Mervyn King has won a second term as governor of the Bank of England, the Fed's British counterpart, ending months of speculation about his future. Reuters reports that King will serve at the head of the UK central bank for another five years despite the City's fury at his handling... More »

MORE ABOUT:
United Kingdom • Gordon Brown • central bank • Bank of England • Mervyn King • Alistair Darling

UK Cuts Interest Rates, But EU Holds Steady

Subprime woes force first rate cut in Britain
in over two years

Dec 6, 07 7:21 AM CST
(Newser) - The Bank of England cut its benchmark interest rate for the first time in over two years today, reducing the bank rate by a quarter-point to 5.5%. The cut drove the pound down to about $2.02, its lowest in 2 1/2 months. The European Central Bank in Frankfurt,... More »

MORE ABOUT:
European Central Bank • Bank of England • Mervyn King • interest rate cut

UK Bank Chief Takes Heat After U-Turn

Rescue of Northern Rock leads to calls
for resignation

Sep 20, 07 9:26 AM CDT
(Newser) - The leader of the Bank of England, the Fed's counterpart in the UK, is facing substantial pressure to resign. Only last week Mervyn King had declined to offer loans for inter-bank trading to ease credit markets, vowing to discourage the "moral hazard" of risk-taking that led to Northern Rock's... More »

MORE ABOUT:
credit crisis • Britain • Northern Rock • Bank of England • Mervyn King

7 Stories


from our news partners