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Bank of England Governor Mervyn King said banks were resisting new regulations, in what are probably his final public remarks.

A senior BoE official warned of a major bond bubble threat while the BoE said the consequences of raising rates too quickly would be severe.

U.S. stock futures edged higher on Thursday after falling steeply in the previous session.

The bank also maintained its purchase of 375 billion pounds ($584 billion) of debt after the UK narrowly avoided a triple-dip recession.

U.S. stock index futures point to a higher open Thursday as investor sentiment turned positive.

For the S&P 500 Index to reach its previous real-term highs, the market would have to move to around 1875, up from 1563 currently.

British banks have about nine months to raise about $38 billion in Tier 1 capital.

The bad news comes a week ahead of Chancellor George Osborne’s annual budget statement on March 20.

Dow futures signal that the blue chip index will open above its recent record high.

In a visit to the Bank of England, Queen Elizabeth II politely but firmly questioned the precise reasons why the Bank never saw the crisis coming while other regulators did little to prevent it.

Bank of Canada Gov. Mark Carney will become the first non-Briton to ever head the Bank of England.

Official figures show the U.K. economy grew by 1 percent, with 0.2 percent of the growth coming from the Olympic Games.

As Great Britain struggles to escape its years-long recession, should the wealthy pay more taxes? The Deputy Prime Minister has spoken up to put the controversial issue on the table.

The British parliament criticized former Barclays Plc (London: BARC) CEO Bob Diamond in a report released Saturday, saying that he failed to fully disclose the bank?s illegal practices during testimony on the LIBOR scandal.

Standard Chartered Plc will pay $340 million to New York's bank regulator over transactions linked to Iran, in a speedily arranged deal likely to cheer its shareholders.

Soros announced the engagement at his 82nd birthday party held at the octogenarian's summer home in Southampton, N.Y., a person familiar with the investor said.

Legendary investor and billionaire George Soros announced that he is engaged and all set to marry his girlfriend of last four years, Tamiko Bolton, during his 82nd birthday celebration on August 11.

Despite most central banks slashing interest rates in 2009, there is still room for central banks to maneuver and stimulate their sluggish economies.

The Federal Reserve sent some strong messages in its latest policy statement that it is heading toward new easing measures to buck up the weak economy. But the central bank may have a different caliber of weapon in mind other than launching another round of large-scale asset purchases, or QE3.

Crude oil prices remained near $90 a barrel during Asian trading hours Tuesday as investors awaited the outcome of major central bank meetings later this week.

By taking policy rates to close to 0 percent and pushing deposit rates below zero, the move by Denmark may have opened the window for the ECB to take action at their meeting next week.

Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.

U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.

Ex-Barclays boss Bob Diamond, who will still receive his salary and benefits worth in excess of £2 million, had given up the bonus payment voluntarily according to Barclays executive chairman Marcus Agius.

While American politicians such as U.S. Sen. Kirsten Gillibrand, D-N.Y., are pushing to expand federal tax breaks for small businesses, the U.K. government has already announced a move to help early-stage businesses find new means of financing: tax relief for private investors.

Asian stock markets declined Friday as investors remained cautious ahead of U.S. employment data due later in the day while major central bank?s actions to stimulate the global economy failed to calm market jitters.

European markets fell Friday as investors were not encouraged by the rate cuts announced by central banks.

Asian markets fell Friday as central bank measures in Europe and China could not allay investor concerns about the intensifying debt crisis looming over the euro zone and the worsening global economic downturn.

To some extent, monetary easing has been accommodated because of stable-to-lower inflationary pressures.