Gus O'Donnell News
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Queen Elizabeth II today became the first British monarch to attend a Cabinet meeting since George III in 1781 as part of celebrations to mark her 60 years on the throne.
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George Osborne is about to find out just how many people think they are clever enough to be governor of the Bank of England.
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The U.K. government said it’s prepared to legislate to clamp down on wholesale natural-gas trading should price-fixing allegations prove true.
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Bank of England Deputy Governor Paul Tucker’s odds of becoming the next governor narrowed at Paddy Power Plc.
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George Osborne is about to find out just how many people think they are clever enough to be governor of the Bank of England.
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London is losing so much trust as the global financial center that Prime Minister David Cameron may need to consider an unprecedented choice for Bank of England governor: Mark Carney, the Canadian who polices the world’s financial system and has no ties to the bailouts or rigged markets tainting Labour and Conservative governments alike.
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Pakistan has drafted rules to develop the Islamic capital market as the central bank seeks to increase assets that comply with religious tenets to 15 percent of the total in five years.
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Applicants to replace Bank of England Governor Mervyn King will have until Oct. 8 to inform Chancellor of the Exchequer George Osborne that they’re interested.
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European Union lawmakers backed punishments for market abusers, including jail time, in a bid to prevent any repeat of the scandal engulfing Libor and other interbank lending rates.
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Gus O’Donnell, the former head of the U.K. civil service, said banks may have to cut lending to make them less risky and reduce their threats to the economy.
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