Mansion House speech: The age of irresponsibility is over, says Mark Carney June 10, 2015 Tens of thousands more City workers face an unprecedented crackdown on bad behaviour. The Bank of England last night recommended extending the senior managers’ regime to all fixed income, currencies and commodities traders at banks, as well as their counterparts at interdealer brokerages and buy-side asset managers. Bank of England governor Mark Carney also wants [...]
Mansion House Speeches 2015: What do the analysts think? June 10, 2015 Chancellor George Osborne and Bank of England Governor Mark Carney have both said their parts at the annual Mansion House speeches, but what do the analysts think? New Budget surplus rule John Cridland, director-general at CBI, says the budget plan will be good for businesses: Business wants the Government to aim for an absolute [...]
Bank of England Fair and Effective Markets Review: Tens of thousands more City workers to be covered by the senior managers regime June 10, 2015 The Bank of England (BoE) today unveiled a set of tough new market rules which will increase individual responsibility among banks' senior managers and lengthen jail sentences for market abuse. Read more: Why the financial system has the same qualities as cancer Recommendations from The Fair and Effective Markets Review include extending the senior managers regime [...]
Who’s the fastest City London Marathon runner? Capco star Andy Greenleaf steals a march on Mark Carney April 28, 2015 Who is the fastest runner in the City of London? The Capitalist has challenged City runners to beat the banker by submitting their Virgin Money London Marathon race times and we've already seen some pretty impressive times come in. Fit as a proverbial fiddle, Bank of England governor Mark Carney was commended for completing [...]
London Marathon 2015: City gents set a better rate than Bank governor Mark Carney April 27, 2015 In the race for success in the City, business leaders were spotted donning their Sunday best high-tech lycra at the weekend, to pit their footsies against each other in the fiercest battle of the year so far – the Virgin Money London Marathon 2015. From firing-line to finish, top-dog in the pack of City wolves [...]
London Marathon 2015: After Mark Carney thrashed Barclays boss Antony Jenkins, how well does your race time compare? April 27, 2015 Mark Carney beat Antony Jenkins in the high-finance battle at the London Marathon yesterday. The Bank of England’s 50-year-old governor produced a mercurial run, beating Jenkins, the 53-year old Barclays chief executive, by an hour and a half. Carney’s time of 03:31:22 was faster than the men’s average of 04:04:30, and far faster than the [...]
London Marathon 2015 in pictures: Paula Radcliffe, Eliud Kipchoge, Tigist Tufa, Mark Carney and Romeo Beckham join 35,000 runners April 26, 2015 Eliud Kipchoge crosses the finish line winning the men's race Kenyan rivals Wilson Kipsang and Eliud Kipchoge battle it out Ethiopia's Tigist Tufa flies across the finish line to win the women's race The US's Joshua George pips Britain's David Weir to the men's wheelchair title Runners cross Tower Bridge Women's record holder Paula Radcliffe lines [...]
Mark Carney fears UK at risk from Greek contagion April 7, 2015 Britain’s banks and insurers could be in danger if Greece leaves the Eurozone, the Bank of England warned yesterday. The UK is not heavily exposed to Greece itself, but if it exits the single currency then it could cause financial panic in other indebted economies like Spain and Italy, which would then hit Britain hard. [...]
Bank of England governor Mark Carney says global deflation forces, strong sterling could delay rate hike March 12, 2015 Bank of England governor Mark Carney has said that low inflation outside of the UK, as well as a strong sterling, could cause the central bank to push back a rate hike. "It may be appropriate to take into account persistent external deflationary forces arising from the combination of continued foreign low inflation and the [...]
Mark Carney says talk of cut to interest rate is overblown March 10, 2015 Bank of England governor Mark Carney yesterday implied that talks of a cut in interest rates nearer to zero were overblown. He also ruled out cancelling government debt held by the Bank to reduce the headline figure. Policy makers will “look through” falls in energy and food prices that would keep inflation below target this [...]