The Bank of England is the central bank of the United Kingdom. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy. The Bank has a monopoly on the issue of banknotes in England and Wales, although not in Scotland, Northern Ireland, the Isle of Man, or the Channel Islands.
The Bank aims to keep the annual rate of inflation at 2% – the inflation target set by the Government. Some prices will rise by more, others by less. But, on average, the aim is that prices across the economy rise by 2% a year.
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The directory of banks is published solely as a courtesy. We assume no responsibility or liability for the accuracy or completeness of the listings in directory. The data contained in this directory has been compiled from a number of sources, however, we have not independently verified the data. Therefore you may wish to verify the data with your Bank institution.
Financial News
Rating agency Moody's downgrades 16 Spanish banks - 18.05.2012 Rating agency Moody's downgraded 16 Spanish banks on Thursday, the latest sign of distress in Europe. Among those downgraded were giants Banco Santander and BBVA, the country's two largest banks. Source: CNNMoney
Middle East's Leading Banking Technology & Innovation Summit to be held in Dubai - 07.05.2012 Following on from the success of the 2011 Middle East Banking Technology & Innovation Summit, Expotrade announces that this year’s event will once again take place in Dubai on the 1-2 October 2012. This year’s conference will focus on strengthening the Middle Eastern banking and financial industry’s position within the global market. Source: Expotrade
More than 2.5 billion people around the world don’t have a bank account - 23.04.2012 Three quarters of the world’s poor don’t have a bank account, not only because of poverty, but the cost, travel distance and amount of paper work involved in opening an account, according to new data released by the World Bank. Source: World Bank
No breakthrough in Swiss-US tax dispute despite talks - 22.04.2012 Talks between senior U.S. and Swiss officials about a dispute over unpaid taxes on accounts held in Swiss banks led to no breakthroughs, Swiss President Eveline Widmer-Schlumpf said on Saturday. Source: Reuters
Western Union to launch innovative payments platform WU Pay - 22.03.2012 The Western Union Company, a leader in global payment services, today announced that it will launch WU Pay, a new and innovative electronic payments platform that will significantly improve the customer experience and safety for millions of people seeking to make online payments or transfer money. Source: Western Union
U.S. Banks Complete Stress Tests - 14.03.2012 The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday. Source: Reuters
The Bank of England is the central bank of the United Kingdom. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy. The Bank has a monopoly on the issue of banknotes in England and Wales, although not in Scotland, Northern Ireland, the Isle of Man, or the Channel Islands.
+44 (0)20 7601 4444 (switchboard), +44 (0)20 7601 4878 (public enquiries)
+44 (0)20 7601 5460
