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Interest Rates

Rampant financial crime in City of London eroding public trust - BoE
A top Bank of England (BoE) official warns widespread financial crime in the City of London is eroding public trust. The BoE’s criticism surfaced as it launched a review to tackle market manipulation.

28.10.2014 19:08

​S&P keeps Russia’s rating steady
Standard& Poor’s rating agency has held Russia’s sovereign rating steady at BBB- dismissing concerns of a possible downgrade to junk status and admitting Russia’s debt is “moderate” compared to most of the other major world economies.

24.10.2014 22:58

​London banker pleads guilty to fixing Libor, faces up to 10 yrs in jail
A senior London banker has become the first person to be prosecuted for fixing the London interbank offered rate (Libor), a scandal that resulted in billions worth of losses for savers as banks fraudulently boosted their profits.

07.10.2014 13:18

​IMF throws Ukraine $1.4bn lifeline
The International Monetary Fund has given a green light for Ukraine to receive the second tranche of financial assistance totalling $1.39 billion, meaning more austerity measures for the already struggling economy.

30.08.2014 01:32

Russian economy grows 0.8%, avoids technical recession
Russia's gross domestic product (GDP) increased by 0.8 percent between April and June, compared to the same period last year, according to a preliminary estimate by Russian statistics bureau Rosstat.

11.08.2014 17:58

Lloyds in 'late stage' of Libor settlement talks, victims remain unaddressed
Lloyds Banking Group (LBG) is nearing a settlement with US and UK regulators for its alleged role in the manipulation of Libor rates – the major interest rate benchmark that determines the cost of up to $350 trillion worth of global financial products.

25.07.2014 16:04

1.1 million UK households could be in ‘debt peril’ by 2018
A modest increase in interest rates could render almost 25 percent of UK households in severe financial stress, according to a report published on Thursday. The Bank of England (BOE) has confirmed that such rate hikes are imminent.

24.07.2014 16:31

UK unemployment down, but wages fall behind inflation
A steady growth in the UK jobs market has not yet translated into a lower cost of living, while wages are failing to keep pace with prices, new figures indicate.

14.07.2014 10:42

ECB cuts deposit rate below zero in historic move
The European Central Bank lowered its deposit rate to -0.10% as the continent battles deflation after many failed monetary policy attempts. The bank said more extraordinary tools can can be used to prevent the derailment of economic recovery.

05.06.2014 12:02

US-based ex-Barclays staff charged by UK in Libor scandal
The UK filed its first criminal proceedings against scandal-struck US-based Libor traders on Monday over the alleged rigging of global benchmark interest rates. Three former Barclays traders are to be charged, according to the UK’s Serious Fraud Office.

28.04.2014 16:00

Russia unexpectedly raises interest rates
The Central Bank of Russia has unexpectedly raised its key interest rate to 7.5 percent, despite earlier saying it wouldn’t change until June. Aimed at trimming inflation, it means more expensive loans and slows an economy that’s already losing steam.

25.04.2014 10:10

Shocker: Average credit card interest climbs to 21%
As credit card companies try and spur consumer spending in the United States with introductory perks and cash rewards, they have raised interest rates on other customers to a remarkable 21 percent.

21.04.2014 17:12

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