Bank of England

The FTSE 100 bounced back this afternoon after a sell-off yesterday, with leading shares recovering from falls amid fresh hopes for a resolution to the crisis in Portugal.

MEET THE GUV'NOR

The Bank of England has revealed controversial plans to relax rules governing safety standards for lenders in a bid to provide a £70bn boost to the economy.

Britain's top bank regulator has called for 'ground rules' on lobbying to prevent it destabilising the financial system.

Outgoing Bank of England (BoE) governor Sir Mervyn King has accused banks of attempting to influence financial regulation by putting pressure on senior politicians - including the Prime Minister.

Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.

The Bank of England has appointed Charlotte Hogg, head of retail distribution and intermediaries at Santander UK, as its chief operating officer.

Paul Tucker, deputy governor for financial stability at the Bank of England, is to leave later this year after more than 30 years of service.

The Bank of England's Andrew Haldane has said a possible sharp rise in bond yields represents the biggest risk for financial markets at present.

The Bank of England has opted against further quantitative easing at Mervyn King's final Monetary Policy Committee meeting, dashing the governor's hopes of more stimulus.