What China's Rate Cut Means For Global Economy
November 21 2014 5:32 PM
Any real benefit to China's economy will probably be the result of factors outside the country.
India's Kotak Bank Buys ING Vysya In Record $2.4B Share Deal
November 20 2014 11:56 PM
India has 40 publicly traded banks, 24 of them majority owned by the government.
RBS Fined $88M For 2012 IT System Crash
November 20 2014 6:05 AM
The regulator said it had handed out the fine for "inadequate systems and controls" at the bank.
Dow, S&P 500 Mixed Ahead Of Fed Minutes
November 19 2014 10:55 AM
The Federal Reserve is scheduled to release the latest minutes from the FOMC's October meeting on Wednesday at 2 p.m. EST.
Iran Uses China Bank To Transfer Funds To Quds-Linked Companies: Report
November 18 2014 4:27 AM
Washington designated the Quds a supporter of terrorism in 2007. The European Union sanctioned them in 2011.
Seven Big US Companies Paid CEOs More Than Uncle Sam In 2013: Study
November 18 2014 2:28 AM
The CEOs at each of the seven companies last year was paid an average of $17.3 million, said the study.
Snapchat Unveils Snapcash
November 17 2014 4:48 PM
Snapcash, as its called, allows users to send money to friends, much like the payments company Square’s own app, Square Cash.
Americans Feel More Financially Secure Even Amid Struggles
November 17 2014 10:45 AM
More than 40 percent say their top financial goal is simply keeping up with bills.
BoE Governor Suggests Curbs On Bankers' Fixed Pay
November 17 2014 6:00 AM
Mark Carney's remarks come just days after major global banks were fined over $3 billion for attempting to rig foreign exchange markets.
Nikkei Falls To One-Week Low as Japan's Recession Spooks Market
November 17 2014 12:12 AM
The news prompted investors to take profits after recent gains stemming from expectations Shinzo Abe will postpone a planned sales tax hike.
Bank Crisis Reforms 'Substantially Complete': Mark Carney
November 14 2014 6:05 AM
The FSB has already finalized tougher standards for financial derivatives like credit default swaps.
Royal Bank Of Scotland To Exit US Mortgage Business
November 14 2014 12:14 AM
RBS said in May it will eliminate hundreds of jobs in the United States over the course of two years.
Obama Official Donated To Rahm Emanuel, Despite SEC Pay-to-Play Rule
November 13 2014 3:46 PM
The U.S. Commerce Department's top lawyer donated to Chicago's mayor while his financial firm was managing Chicago pension money.
Highest and Lowest Student Debt Averages by State
November 13 2014 2:43 PM
What's the difference between graduating from college in New Mexico and New Hampshire? About $14,000.
Goldman Sachs Inducts 78 Bankers Into Elite Partnership
November 12 2014 11:18 PM
Goldman's partnership, which inducts new members every two years, has been evolving since the financial crisis.
Iraq Veterans Sue International Banks, Alleging Terrorist Ties
November 12 2014 3:54 PM
It’s the latest case pitting victims of terrorist attacks against financial institutions under the U.S. Anti-terrorism Act.
Big Banks Fined $3.4B In Forex Probe
November 12 2014 3:38 AM
The fines were imposed after a year-long investigation into allegations of rigging of forex markets between 2008 and 2013.
Ulster Bank Fined $4.4M For 2012 System Crash
November 12 2014 12:56 AM
The 2012 computer systems fiasco cost Ulster Bank 59 million euros ($74 million) in compensation.
UK, US, Swiss Close In On Forex Settlement With Top Banks
November 11 2014 11:40 PM
It would be the first settlement over allegations of misconduct in the $5.3 trillion-a-day foreign exchange market.
Alberta Oil Sands To Attract Huge Investment In Next 24 Years
November 11 2014 4:50 PM
The Canadian Energy Research Institute estimates the increased investment will boost provincial employment by 75 percent.