Bank of England (BoE)
Bank of England reveals £75 billion asset purchase programme
The Bank of England plans to buy up £75 billion of assets over the next three months, including medium-term government bonds (gilts) in the secondary markets and commercial paper from the private sector.
UK Banking Act comes into force
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Sterling Libor falls after rate cut
The cost of interbank borrowing declined throughout the week, with sterling Libor reacting immediately to the Bank of England's decision to cut interest rates to a historic low of 1.5%.
Households and corporates suffer worsened credit conditions
A net 31.1% of lenders cut back on lending to households and small businesses in the past quarter, blaming a worsened economic outlook, reduced risk appetite and lack of available funds.
Tucker appointed deputy governor of Bank of England
Paul Tucker will replace John Gieve as the Bank of England's deputy governor for financial stability, starting in March 2009.
Interbank lending benefits from rates cuts
The sterling interbank borrowing rate has dropped significantly after the Bank of England's (BoE) move to cut interest rates to their lowest levels since 1951 on Thursday.
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Bank of England predicts long haul for economy
The Bank of England plans to raise minimum capital levels and impose tight limits on bank leverage, as part of a push to prevent another credit crisis.
UK announces £500 billion bail-out plan
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UK government unveils £50 billion bank recapitalisation plan
The UK government this morning announced a jumbo rescue package to recapitalise the country’s ailing banking sector.
Bank of England extends eligible collateral for repo facility
The Bank of England (BoE) on Friday extended the range of collateral eligible for its weekly sterling three-month repo facility to include AAA-rated asset backed securities (ABSs) of corporate and consumer loans and highly rated asset-backed commercial…
Bradford & Bingley nationalised
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UK issues banking reform report
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Central banks reveal co-ordinated response to liquidity crisis
The world's major central banks today unveiled plans for a $180 billion injection of liquidity to restore stability to global financial markets.
Bank of England now responsible for financial stability
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City expert panel mooted for Bank of England
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BoE reveals £50bn liquidity facility
Banks have welcomed a scheme by the Bank of England (BoE) aimed at improving the balance sheets of UK financial institutions. The £50 billion facility, announced on April 21, will allow financial institutions to swap illiquid mortgage-backed securities…
Bank of England will swap gilts for RMBS
The Bank of England will step in to improve the balance sheets of UK banks by allowing them to swap illiquid mortgage-backed securities for treasury bills.
UK authorities release depositor protection proposals
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FSA replies to Treasury’s allegations of failure
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Bank of England Act proposed
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FSA given powers to prevent another Northern Rock
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