Read more Mervyn King stories on Newserhttp://www.newser.com/taggrid/13103/mervyn-king.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 5:56:59 CSThttp://www.newser.com/story/49017/25-people-responsible-for-the-crisis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe current recession is a wholly man-made phenomenon, the Guardian reminds us, and they’ve got the names of those responsible. Here are four from their list of 25: Alan Greenspan: Fed chair for 19 years, Greenspan kept interest rates low as the housing bubble developed, backed subprime lending and variable...http://www.newser.com/story/49017/25-people-responsible-for-the-crisis.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 26 Jan 2009 15:25:29 CSThttp://www.newser.com/story/40788/pound-craters-after-latest-grim-stats.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe British economy shrank by 0.5% last quarter, all but confirming that the UK is in its first recession since 1991, reports the Times of London. The decline is greater than expected, and this week both the prime minister and the head of the Bank of England acknowledged that...http://www.newser.com/story/40788/pound-craters-after-latest-grim-stats.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 24 Oct 2008 5:08:46 CDThttp://www.newser.com/story/40598/global-stocks-pounded-dollar-hits-record-highs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagStocks in Asia and Europe dove once again today, with banks leading losses as the continuing economic downturn hit corporate profits. The Nikkei in Tokyo closed down 6.8%, and London's FTSE opened down 2.3% after the Bank of England said that the country is in a recession. Meanwhile...http://www.newser.com/story/40598/global-stocks-pounded-dollar-hits-record-highs.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 22 Oct 2008 5:40:58 CDThttp://www.newser.com/story/24042/bank-of-england-cuts-interest-rate.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Bank of England today cut its benchmark interest rate 25 basis points to 5%, reports Bloomberg, hoping to keep the nation’s economy out of recession. Despite the third cut since December, BoE’s rate remains the highest among the Group of Seven industrialized nations; policymakers have drawn fire for being...http://www.newser.com/story/24042/bank-of-england-cuts-interest-rate.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 10 Apr 2008 7:35:42 CDThttp://www.newser.com/story/17730/bank-of-england-governor-gets-2nd-term.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMervyn King has won a second term as governor of the Bank of England, the Fed's British counterpart, ending months of speculation about his future. Reuters reports that King will serve at the head of the UK central bank for another five years despite the City's fury at his handling...http://www.newser.com/story/17730/bank-of-england-governor-gets-2nd-term.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 30 Jan 2008 9:40:14 CSThttp://www.newser.com/story/13463/uk-cuts-interest-rates-but-eu-holds-steady.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Bank of England cut its benchmark interest rate for the first time in over two years today, reducing the bank rate by a quarter-point to 5.5%. The cut drove the pound down to about $2.02, its lowest in 2 1/2 months. The European Central Bank in Frankfurt,...http://www.newser.com/story/13463/uk-cuts-interest-rates-but-eu-holds-steady.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 06 Dec 2007 7:21:03 CSThttp://www.newser.com/story/7866/uk-bank-chief-takes-heat-after-u-turn.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe leader of the Bank of England, the Fed's counterpart in the UK, is facing substantial pressure to resign. Only last week Mervyn King had declined to offer loans for inter-bank trading to ease credit markets, vowing to discourage the "moral hazard" of risk-taking that led to Northern Rock's collapse....http://www.newser.com/story/7866/uk-bank-chief-takes-heat-after-u-turn.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 20 Sep 2007 9:26:18 CDT