Tag Archives: bank

Royal Bank of Scotland pays back £1.2bn to the Treasury

Edinburgh-based bank makes payment to government under scheme agreed in 2009 George Osborne is hoping to generate £25bn of revenue from the sale of RBS shares in this parliament. Photograph: John Keeble/Getty Images Royal Bank of Scotland is paying £1.2bn to the Treasury to buy out a crucial part of its £45bn bailout in a step towards returning the bank ... Read More »

Bank of England’s Carney warns of zero-sum game from negative rates

Bank of England Governor Mark Carney warned on Friday that moves by central banks to cut interest rates below zero risked creating a “beggar-thy-neighbour” environment which could leave the global economy trapped in low growth. In a speech to be delivered at a meeting of Group of 20 finance ministers and central bank chiefs in Shanghai, Carney also blamed the ... Read More »

French central bank head cautions on oil price impact – newspaperFrench,central,bank,head,cautions,on,oil,price,impact,-,newspaper

The European Central Bank could extend money printing, the head of France’s central bank told a German newspaper on Sunday, as the long-term impact of low oil prices weighs on euro zone economies. ECB governors from across the euro zone, including France and Germany, will meet in early March to decide whether to adjust interest rates or extend a scheme ... Read More »