An economic crisis in China could result in a world-wide recession, warned the International Monetary Fund (IMF). This was because China’s financial links with the rest of the global ... Read More
Britain’s accounting watchdog aims to publish a full report in coming weeks into how banking group HBOS was audited by KPMG before the lender collapsed in 2008 during ... Read More
The stock market may be back on track, but nervous investors are still showering gold with tons of love. An impressive $13.4 billion was poured into gold assets over ... Read More
The proposal will be included in the banks’ proxy filings at the request of a shareholder activist Shareholders of J.P. Morgan Chase & Co. and Citigroup Inc. will get ... Read More
Bank announces layoffs, adding that two-thirds of lost roles will move offshore to its operation in India Royal Bank of Scotland is cutting 448 investment banking jobs in the UK, ... Read More
Filings show bond funds bought distressed debt in 2014 German banks have biggest incentive to take Hypo Alpe offer As the health of banks roils markets anew, the last financial crisis ... Read More
Morgan Stanley (MS.N) will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials ... Read More
China, emerging markets, the eurozone, oil and commodities all pose a threat to the banking sector this year Banking shares have come under pressure this week as investors express fears ... Read More
Settlement with US Department of Justice centres on allegations that bank ‘robo-signed’ thousands of foreclosure documents without reviewing paperwork HSBC has been fined $470m (£325m) for “abusive mortgage practices” in ... Read More
The US economy added 151,000 jobs in January, helping to push the country’s unemployment rate down to 4.9%. The number was lower than expected and is a sharp slowdown ... Read More
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