Bloomberg The Bank of England (BOE) is preparing to halt its almost 900 billion-pound ($1.2 trillion) quantitative easing program, leaving the future of what has become a controversial crisis-fighting tool shrouded in doubt. More than decade after buying the first government security as part of an initial 75-billion pound, three-month plan during the global financial crisis, the BOE will next ...

Bloomberg Vietnam’s central bank bought about $25 billion worth of US dollars over the past two years, according to a deputy governor. The move helped inject the Vietnamese dong into the banking system and boost the economy, Pham Thanh Ha told an economic forum in Hanoi. The US Treasury last week announced that Vietnam met all the criteria again of ...

Bloomberg Paul Pester, former chief executive officer of TSB Bank Plc, is preparing to launch a social network for digital payments, according to Sky News. Loop, as the startup is called, raised a seed round of investment and plans to bring in more money next year, according to the report. Pester’s partners on the project are Anthony Thomson, the founder ...