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The HM Treasury reported that the head of the Bank of England, Mark Carney, will remain in office until the end of January 2020, although his term expires at the end of June 2019. Carney said he would do everything possible to ensure a smooth and successful exit of the UK from the European Union. The message of the Ministry of Finance also says that John Cunliffe is appointed the Deputy Governor of the Bank of England for Financial Stability for the next five years. Mark Carney, a Canadian by birth, has held the post of chairman of the Bank of England since July 2013 and is the first foreigner in this position.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
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