- Reuters•14 hours ago
Requiring financial instruments to be cleared in a country that uses the currency in which they are denominated would bump up costs, Bank of England Deputy Governor Jon Cunliffe said on Thursday. Cunliffe said the clearing of a single pool of multi-currency instruments, as done by LCH clearing house in London, allowed the offsetting of positions to boost efficiency. "This reduces the costs of central clearing - costs that are ultimately borne by the real economy - as well as allowing a more efficient and effective management of the risks that brings significant global financial stability benefits," Cunliffe said in a speech in London.
British finance minister Philip Hammond has told MPs that "there is no pot of money under my desk," adding that any extra spending must be paid for through higher taxes or savings elsewhere. Gertjan Vlieghe, an external member of the BoE's Monetary Policy Committee, warned on Tuesday that the bank will not be able to forecast the next financial crisis or recession.
- Reuters•6 days ago
The head of Deutsche Boerse said insider trading allegations against him were unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange (LSE) . "Insider trading is against my innermost conviction," Deutsche Boerse Chief Executive Carsten Kengeter told a news conference, adding that he and the German company were cooperating fully with the public prosecutor. German prosecutors are examining whether a share purchase plan for Kengeter was created at a time when Deutsche Boerse was aware that a merger with the LSE was likely.
LSE.L : Summary for LONDON STOCK EXCHANGE GROUP PLC - Yahoo Finance
London Stock Exchange Group plc (LSE.L)
LSE - LSE Delayed Price. Currency in GBp
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|Bid||0.00 x 47300|
|Ask||3,290.00 x 7000|
|Day's Range||3,099.00 - 3,146.00|
|52 Week Range||2,259.00 - 3,390.94|
|PE Ratio (TTM)||77.46|
|Dividend & Yield||0.53 (1.32%)|
|1y Target Est||N/A|