Carney tells fund giants to prepare for sell-off as rate rise looms

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Bank of England governor Mark Carney has been speaking to the largest fund management houses about how prepared they are for a mass sell-off that could follow an interest rate rise.

The governor (pictured) has been privately speaking to 135 fund management groups in the UK about how they plan to deal with investors rushing for the exit, the Sunday Times reports. He is parti...

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