Fox Business - The Power to Prosper
Search Site

Bank of England

Bank of England's Tucker to leave after losing out to Carney

Bank of England Deputy Governor Paul Tucker, beaten to the central bank's top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to start reshaping the BoE's upper echelons.Tucker, part of the majority of policymakers which opposes further bond buying, had been expected to stand down ever since Carney, the former head of Canada's central bank, was named in November as the surprise choice for governor.He will replace Mervyn King, who retires from the BoE at the end of this month.But the timing of the announcement took some by surprise - Tucker's term was due to end next February - and might be a sign that other top policymakers will bring forward their departures, said Tom Vosa, an economist at National Australia Bank."The interesting bit will be whether the replacement is an internal or external candidate, which will probably give you some clues as to how Carney expects to position the bank under his governorship."Carney will head up a central bank...

Read More

  1. European Markets Mixed Amid Interest Rate Decisions

    BGC Partners’ Mike Ingram breaks down the stories moving the markets overseas.

  2. Euro Inches up After ECB, BoE Decisions

    The euro hit a four-week high against the dollar on Thursday as investors positioned for the European Central Bank to leave rates unchanged, but uncertainty over the...

  3. BOE Keeps Rates, Asset Purchases On Hold

    The Bank of England on Thursday offered no surprises, leaving the size of its bond-buying program unchanged and holding its key lending rate at a record low 0.5%, wh...

  4. Bank of England , ECB Keep Rates Unchanged

    The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday as it waits to see whether early signs of stabilization in the ...

  5. Nikkei Impacts Markets Overseas

    IG Markets analyst Alistair McCaig on the stories moving the European markets.

  6. UK Retail Sales Rebound in May

    Alpari’s James Hughes on the stories moving the European markets.

  7. Spanish Jobless Claims Fall 2% In May

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  8. European Shares Slump, Still Set for Monthly Gain

    The U.S. dollar climbed off a three-week low and share markets were volatile on Friday, as unexpectedly weak U.S. economic data dampened expectations of an early sca...

  9. BoE's King gets high rating but no economic stimulus as leaving gift

    Economists reckon outgoing Bank of England Governor Mervyn King did a relatively good job in very trying times during a decade in office but he will not get his wish...

  10. Bank Of Canada Keeps Key Interest Rate At 1%

    The Bank of Canada held its main interest rate at 1% on Wednesday. The central bank said it decided to maintain that rate, the target for the overnight rate, given t...

  11. Co-Operative Group Appoints Niall Booker as CEO of Co-Operating Bank

    Niall Booker has been appointed as the new chief executive of the Co-Operative Bank PLC (CPBB.LN) and deputy CEO of the Co-Operative Group, the group said Monday.The...

  12. Bank of England's Fisher says does not want U.S.-style QE pledge

    A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term stim...

  1. Factbox: Favourites and long-shots to be new RBS CEO

    Nathan Bostock, Royal Bank of Scotland's head of restructuring, is the early favorite to replace Stephen Hester as chief executive of the state-controlled bank, acco...

  2. UK lawmakers to launch inquiry into central bank watchdog's independence

    British lawmakers said they would conduct an inquiry into the independence of the Bank of England's new financial risk watchdog, following questions over its relatio...

  3. UK lawmakers meet to thrash out bank reforms

    New proposals to improve standards and culture within UK banks will be thrashed out by British lawmakers in important meetings next week which could shape the indust...

  4. Stocks Swing Higher in Late-Day Dash

    FOX Business: Capitalism Lives HereAfter spending the session bouncing between gains and losses, the markets shot into the green in late action as traders braced for...

  5. Stocks Extend Slump as Traders Brace for Jobs Day

    FOX Business: Capitalism Lives HereThe markets fell again after getting walloped in the prior session, as traders mulled data on the labor market and headlines from ...

  6. Wall Street Poised to Rebound from Rout

    FOX Business: Capitalism Lives HereWall Street was poised to recover mildly after taking a tumble in the previous session as traders digested the latest round of dat...

  7. BOE Keeps Interest Rate at 0.50%

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

‹ Prev12345Next ›
Freebase CC-BY
Source: Bank of England on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL