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Geithner pushed for Libor reform in 2008
Sir Mervyn King, governor of the Bank of England, has been put at the centre of the Libor-rigging scandal after a senior US official called on him to reform the interest rate market in 2008. Timothy Geithner, who was then the president of the Federal Reserve Bank of New York,…
UK launches fresh stimulus with 75 billion pound cash boost
LONDON (Reuters) – The Bank of England will spend 75 billion pounds ($114.8 billion) more of newly-created money to shield Britain’s economy from the euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximize the impact. Thursday’s decision by the BoE to…
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