Churchill's Portrait to Grace Britain's New 5 Pound Note
British officials say wartime Prime Minister Winston Churchill's portrait will be featured on a new 5 pound note.
Bank of England
Barclays to Cut 3,700 Jobs As Part of 'Project Transform'
Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.
Beware the Coming Emerging Market Bust, Warns Banking Group
A leading lobby group for the world's financial institutions is warning investors not to get caught flat-footed in emerging markets if rich-country central banks end their easy and cheap money policy of the past few years.
European Central Bank Cuts Rates to New Low to Help Economy
The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75% to boost a eurozone economy weighed down by the continent's crisis over too much government debt.
The Financial Landscape: Are the Unemployed Against Their Benefits?
The New York Times has found some unemployed people to argue against an extension of jobless benefits: "In a recent survey of the unemployed by Rutgers University, more than one in four respondents was opposed to renewing the current extended unemployment benefits.
Bank of England Keeps Rates Unchanged
The Bank of England said Thursday that it decided to keep its emergency stimulus program unchanged and the central bank's key lending rate at its record low of 0.5%.
