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New UK charity bank will lend to charities and social enterprises - Voluntary Sector - Charity Bank - Brief Article LONDON -- UK charity bank--Britain's first not-for-profit bank will begin in September to accept deposits from people who want to use their savings to provide loans to charities and social enterpri...(Continue Reading) The Secretary of State for International Development has decided to back a World Bank loan for a BP oil pipeline. News to delight chief executives across Letter from a chief executive officer To Hilary Benn Secretary of State for International Development Dear Hilary, Congratulations! US$250m of ......(Continue Reading)Bank of England participation in BIS loan to Brazil The Bank for International Settlements (BIS) is involved with the IMF and other multilateral organisations in a financing package for Brazil. The BIS facility to Banco Central do Brazil (BCB) totals...(Continue Reading)[2] Tellers' Tales - 1991 massive bank fraud in Britain; this and other items are discussed - Brief Article The world's largest recorded bank fraud, of [pounds]800 million, led to the collapse of the UK-based BCCI in 1991. On 3 April 1997 Abbas Gokal, who siphoned the money into his shipping group, was s...(Continue Reading)"Steady Eddie", outgoing governor of the Bank of England, has barely put a foot wrong. Can his successor, "Steel Nerves Merv", do as well? - The Business Having put the boot into Eddie George two weeks ago, I must join the hagiographers praising the outgoing Bank of England governor. The overall verdict ......(Continue Reading)
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