BOE Under Scrutiny After Payment Disruption

The video discusses China's economic growth, which, despite beating analyst estimates, is at its slowest in five years. It also covers the potential $41 billion in fines for banks involved in foreign exchange benchmark rigging, with Deutsche Bank, Barclays, and UBS facing significant penalties. Additionally, the Bank of England's payment system experienced a nine-hour disruption, prompting an investigation by Governor Mark Carney.

What was the year-on-year growth rate for China, and how does it compare historically?

• 8%, the fastest in five years

• 7.3%, the slowest in five years

• 7.3%, the fastest in five years

• 8%, the slowest in five years

Which bank is expected to face the highest fine due to foreign exchange benchmark rigging allegations?

• Citigroup

• UBS

• Deutsche Bank

• Barclays

What is the estimated total cost for banks to settle the foreign exchange benchmark rigging probes?

• $4 million

• $4 billion

• $41 billion

• $41 million

What was the duration of the Bank of England's real-time gross settlement mechanism suspension?

• 12 hours

• 9 hours

• 6 hours

• 3 hours

Who is the governor of the Bank of England mentioned in the transcript?

• Jerome Powell

• Mark Carney

• Andrew Bailey

• Christine Lagarde