Page 57 - இங்கிலாந்து கவர்னர் ஆண்ட்ரூ பெய்லி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
BoE s Bailey more positive on outlook, shows no worry about rise in yields
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BoE s Bailey: rise in market rates consistent with better outlook
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Bitcoin s record-breaking surge means one man ended up paying £440m for two pizzas
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New QE variant conceals inflation menace
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Bank of England Governor Andrew Bailey helped design a controversial financial crisis debt scheme that ultimately led to thousands of small businesses being crippled in a major City scandal, The Mail on Sunday can reveal.
Documents uncovered in a Freedom of Information request show that in 2009 Bailey – the Bank s chief cashier at the time – worked on the design of the Government s so-called Asset Protection Scheme.
This insurance scheme was a vital safety net to protect £280billion of toxic RBS loans that threatened to topple the bank.
But the scheme – along with its controlling body, the Asset Protection Agency – has since been blamed for putting pressure on RBS to aggressively recover the debts from its small business customers.