U.K. & Ireland News
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U.K. Prime Minister David Cameron is angering supporters at home and allies in Europe as the euro- area debt crisis risks diminishing his influence in protecting British interests.
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Bank of England Governor Mervyn King said the U.K. is being “increasingly threatened” by the euro- area crisis, and authorities must be ready to act if it continues to escalate.
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Moody’s Investors Service said it’s considering lowering debt ratings for banks in 15 European nations to reflect the potential removal of government support.
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Anglo Irish Bank Corp., the bank nationalized by the Irish government in 2009, won dismissal of a noteholder lawsuit that sought to block the sale of its U.S. loan portfolio.
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