DealBook: Moody’s Downgrades 12 British Banks
Scott Eells/Bloomberg NewsMoody’s Investors Service headquarters in Manhattan. PARIS — Moody’s Investors Service on Friday downgraded its ratings on 12 British financial institutions, including Lloyds...
View ArticleBritons Strike as Government Extends Austerity Measures
Courts, schools, hospitals, airports and government offices could all be hit by the strike, which has come to be seen as an emblem of resistance to government plans to squeeze public-sector pensions...
View ArticleDealBook: Britain Backs Banking Overhaul
Rupert Hartley/Bloomberg NewsGeorge Osborne, Britain’s chancellor of the Exchequer, with the 2011 budget. LONDON — The British government plans stricter banking regulation that would force banks to...
View ArticleAs Government Stands Firm, Analysts See Risk of New Recession in Britain
LONDON — As George Osborne, the chancellor of the Exchequer, prepares this week to update Parliament on his plans for the economy, the prospect of stagflation is back to haunt Britain. Recent...
View ArticleBritain to Stick With Austerity Budget
In his annual budget presentation to Parliament, George Osborne, the chancellor of the Exchequer, stuck to the austerity plan he designed three years ago but offered some additional support for the...
View ArticleGlobal Financial Leaders Avoid Public Rift With Japan
At the end of two days of talks among the Group of 7 finance ministers outside London, other nations appeared to accept — at least for now — Japan’s explanation that its new monetary efforts were meant...
View ArticleDealBook: As Larger British Rivals Perk Up, a Heralded Small Bank Stumbles
Toby Melville/ReutersA branch of the Co-operative Bank in London. LONDON — Just as larger banks in Britain are recovering from the financial crisis, a smaller one championed by lawmakers as an...
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