LONDON : The Bank of England announced radical plans to inject 75 billion pounds ($106 billion) into the banking system by effectively creating money as it cut official interest rates by half a percentage point to a record low of 0.5 percent on Naples NEWS
London - The Bank of England (BoE) Thursday applied the twin tools of interest rate cuts and a boost in the money supply to revive the recession-hit economy. The bank's Monetary Policy Commitee (MPC) cut the key lending rate by 50 basis points to 0.5 Naples NEWS
NEW YORK, March 5 (Reuters) - Legg Mason Inc ( LM.N ), one of the largest publicly traded U.S. asset managers, said on Thursday it has eliminated more than $1.8 billion of risky debt from its money market funds and from the company, resulting in a Naples NEWS
The opening of the article leaves out one huge product segment of the Fixed Income Derivatives product group, Credit Default Swaps (CDS). In fact this is a huge oversight, the OCC source shows that banks have an 87 trillion OTC derivative exposure Naples NEWS
LONDON, March 5 (Reuters) - World stocks and oil fell on Thursday after General Motors (nyse: GM - news - people ) warned of possible bankruptcy, while European currencies and yields stayed weak after the euro zone and UK central banks cut interest Naples NEWS
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