Category: Intervenes
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Treasury intervenes in car finance row as billions in compensation hang in the balance
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The Treasury is seeking to intervene in a major High Court case that could drag Britain’s car finance industry into a costly mis-selling crisis on a par with the notorious PPI scandal. Ministers want the court to consider the wider impact on investor confidence in the UK regulatory system and,…
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Indonesia central bank intervenes to defend faltering rupiah By Reuters
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JAKARTA (Reuters) – Indonesia’s central bank has intervened in the foreign exchange market to defend the rupiah, the Indonesian central bank governor said on Friday, pledging to use monetary policy to stabilize the currency after it fell. to its lowest levels in four years against the dollar. The rupee fell…