Vrhq Carney moots penalties on bankers rsquo; pay

Thursday 03 December 2015 2:13 pmEuropean Central Bank extends asset purchases to March 2017 and cuts interest rates to new record lowsBy: Chris PapadopoullosShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleThe European Central Bank ECB has ramped up its asset purchase programme to the tune of euro;360bn pound;257bn , its president Mario Draghi announced today.The programme will now run until the end of March 2017 instead of September 2016 as initially planned, but will stay at a rate of euro;60bn. It will take the value of the programme up to euro;1.5 trillionfrom euro;1.1 trillion.The ECB also added regional government bonds to the list of eligible assets it can buy, so it can now buy the bonds of Paris or Milan local governments.Draghi also said the ECB would be reinvesting money it gets when the debt it purchases expires, as was done with the asset pu stanley cup rchase programme in the UK.Members of the ECBrsquo governing council also cut the central bank s deposit rate to minus 0.3 per cent from minus 0.2 per cent today. The main refinancing rate, which polene deutschland applies to short term loans to banks,was polene bolsos kept at 0.05 per cent.The euro immediately shot up to a value of 71.410p from 70.599p. The currency move suggests markets were disappointed, with many analysts expecting the deposit rate to be cut to minus 0.4 per cent. After the announcement of asset purchase programme extension, it Kehk Pay for in-house lawyers lagging behind inflation

Monday 12 March 2012 10:54 pm|Updated:Thursday 30 May 2019 5:04 amRBS investors set to sue bank over crisisBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleA GROUP representing investors in Royal Bank of Scotland plans le stanley ca gal action to recover at least pound;2.4bn lost when they bought shares in the bank shortly before it fell victim to the financial crisis.Mike Neill, who is coordinating the legal action on behalf of the RBoS Shareholders Action Group, said yesterday the claim was backed by 7,400 investors, including charities and churches, with more likely to join.A legal source with knowledge of the process said London law firm Bird Bird stanley quencher would send a letter of claim, but yesterday an RBS source said the bank had not received the letter or been served with proceedings.RBS 8200 tated: The group considers that it has substantial and credible legal and factual defences to the remaining and prospective claims, and will defend itself vigorously, Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsNULLTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights t stanley drink bottle o be cancelledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in