U.K. Banks Seen Avoiding Share Sales After BOE Capital Review

U.K. banks including Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc (LLOY) may avoid the need to sell new shares to bolster their balance sheets after the Bank of England used more lenient rules than those advocated by European regulators.

Sir Mervyn King: global crisis 'far from over'

The global crisis is "far from over" and countries can expect several "twists and turns" before the economy fully recovers, the Governor of the Bank of England has warned.

U.K. Seen Shrinking This Quarter Amid Triple-Dip Risk: Economy

Britain’s economy may shrink this quarter and the risk has increased that the country will succumb to its first triple-dip recession since records began almost six decades ago, according to a survey of economists.

Debt crisis: Sir Meryvn King warns of eurozone's 'black cloud of uncertainty'

The eurozone crisis has created a “great black cloud of uncertainty” Sir Mervyn King warned, as Germany’s Constitutional Court threatened to derail plans designed to take the region forward.