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Risk of no-deal Brexit 'uncomfortably high': BoE governor

London - Bank of England Governor Mark Carney warned Friday that the possibility of a no-deal Brexit was "uncomfortably high" and "highly undesirable" but still "unlikely" compared to other outcomes.

Bank of England seen hiking rate for first time in decade

London - The Bank of England, battling Brexit-fuelled inflation rises, is set Thursday to lift its key interest rate for the first time since 2007, according to analysts.

Bank of England set to hike rate on Brexit effects

London - The Bank of England, on guard against soaring Brexit-fuelled inflation, is on the precipice of lifting its key interest rate Thursday for the first time since 2007, according to analysts.

Britain unveils Jane Austen bank note on anniversary

Winchester - The Bank of England on Tuesday unveiled a new bank note featuring Jane Austen to coincide with the author's death 200 years ago after a campaign to include more women on Britain's currency.The new note worth ten pounds ($13, 11.

Bank Of England relaxes rules as Brexit risks 'crystallise'

London - The Bank of England on Tuesday relaxed commercial banks' capital requirements to boost lending to businesses and households, and warned that financial stability risks "have begun to crystallise" after Brexit.

Exclusive: Chatroom evidence questions BoE role in FX probe - sources

British regulators are examining evidence relating to a 2012 meeting of currency dealers and Bank of England officials which potentially challenges the central bank's assertion it had not condoned shari...

Bank of England warns of Ukraine impact on commodities

London - The Bank of England has warned about the impact of the Ukraine crisis on global commodity prices, minutes of their last policy meeting showed on Wednesday.And the BoE added that the British pound had won support from investors seeking a haven because o...

BoE picks senior IMF official in management shake-up

London - The Bank of England on Tuesday said it had appointed Nemat Shafik, a deputy to IMF chief Christine Lagarde, to a new role providing oversight of financial markets and banking.The appointment came as Governor Mark Carney looks to strengthen the BoE's st...

Bank of England mulls clawback of bankers' bonuses

London - The Bank of England said Thursday it was consulting on recovering bonuses paid to bankers in the event of misconduct, with such a mechanism possibly in place as soon as 2015.The BoE said the move was aimed at maintaining financial stability after banks...

Bankers behaving badly face 6-year bonus clawback by BoE

Misbehaving bankers and their bosses will have to hand back bonuses up to six years after they pocket them under a rule the Bank of England is proposing to prevent excessive risk-taking.

London lawyer named to lead FX probe at Bank of England

A top London lawyer who investigated phone hacking at News Corp's British newspapers will lead a probe into the role of Bank of England officials in the possible manipulation of foreign exchange rates.

Bank of England announces shake-up as it probes FX case

The Bank of England will overhaul the way it works with banks and financial markets as it faces criticism of its response to signs of possible manipulation of foreign exchanges rates....

Bank of England's Carney faces grilling over foreign exchange scandal

Mark Carney faces probably his toughest questioning so far as Bank of England governor next week when lawmakers will seize on a foreign exchange scandal to press their demands for t...

Bank of England suspends official in FX fixing probe

The Bank of England suspended a staff member on Wednesday as part of a probe into what it knew about alleged manipulation of world currency markets and revealed that rigging allegations had been flagged...

No clarity from economists on clarity of BoE's new policy: Reuters poll

The Bank of England's revamped forward guidance has split economists in a Reuters poll as to whether it has improved clarity about where British interest rates are headed.

Wage rises may break Bank of England's united front on forward guidance

Wage growth is likely to be the fault line that splits Bank of England policymakers who, for now, are presenting an unusually united front.

BoE's Carney: Jobs, incomes to be factored into any rate rise

The Bank of England will only start to increase interest rates when a range of measures suggest the economy is operating at closer to full capacity, central bank governor Mark Carney said in an intervie...

Bank of England points to 2015 rate rise, blurs guidance

The Bank of England said on Wednesday British interest rates could start to rise from record lows in little more than a year as a rapid recovery brings the economy closer to op...

Bank of England chief dampens rate-rise talk

London - Bank of England chief Mark Carney on Thursday played down speculation that British interest rates were due to rise following a shock fall in unemployment.

New Twitter News Source Upfront News's Al Boe Special

As BNO News takes off in a new direction on Twitter, a new media source called Upfront News is taking root on Twitter with one of BNO's former journalists, Al Boe.

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