Mark Carney

Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.

Chancellor George Osborne is to begin selling the government's 80% stake in Royal Bank of Scotland at a loss, saying any further delay could jeopardise the economy.

The first criminal trial over LIBOR rigging begins in London today as Tom Hayes, former trader at UBS and Citigroup, appears in court charged with eight counts of conspiring to manipulate the lending rate.

Deutsche Bank could move parts of its business from the UK to Germany if a referendum ends the UK's membership of the European Union.

Britain's foreign secretary Philip Hammond has echoed Bank of England Governor Mark Carney's calls for a 'fast' referendum on Britain's place in the EU.

Sterling has fallen after the Bank of England downgraded its growth forecasts for the UK economy while indicating it could start to raise interest rates in mid-2016.

The Bank of England's Monetary Policy Committee has become less concerned with deflation risks, according to it latest minutes, despite CPI inflation dropping to 0%.

Central banks may resort to 'helicopter drop' measures to stave off the threat of deflation, according to Investec's Alastair Mundy.

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.

Mark Carney has told MPs it would be ‘extremely foolish' for the Bank of England to cut interest rates further in order to combat falling inflation.