Sir Mervyn King, the Governor of the Bank of England, has said that the recovery in Britain is 'in sight' and that there has been 'good progress' made towards a new, sustainable economy, according to
The Telegraph.
The
Financial Times says that the Japanese parliament has approved the nominations for the top three jobs at the
Bank of Japan, appointing Haruhiko Kuroda as Governor. The move "usher[s] in a new era of more aggressive monetary easing in the world's third-largest economy", the paper writes.
The Times reports that Jamie Dimon, the frontman of US banking giant
JPMorgan Chase, allegedly lied to the US government and tried to hide trading losses from regulators. The paper says that the Senate Investigation Committee's report into the "London Whale" losses places much of the blame on the Chief Executive, as the company "dodged federal regulators and misled the public by hiding losses, by mismarking credit derivatives values".
Anschutz Entertainment Group, the owner of the
O2 Arena in London, has pulled the venue off the market after receiving offers more than $1.0bn less than it expected, according to
The Times.
The
European Central Bank (ECB) needs 800 additional staff, raising its current workforce by more than half, to fulfil its new position as the supervisor of 6,000 banks in the Eurozone, writes
The Telegraph.
HMRC is looking to shut down all 281 of its enquiry centres, replacing them with one-to-one tax advisory services, in an attempt to save £13m per annum, reports
The Independent.. The move could put 1,300 jobs at risk.
BC