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financial crisis

The world bank

World Bank shake-up yields only half Kim’s target of $400m savings

30/08/2016(0)
The World Bank is set to make net savings that are half the size of a much-touted $400m target as administrative costs rise on a surge in lending, despite ... Read More
bank of america image

Bank of America escapes $1.3bn fine after court declines to go back on decision

23/08/2016(0)
Bank of America has dodged a $1.3bn (£990m) fine, after a US court decided to drop the issue. The 2nd US Circuit Court of Appeals in New York opted ... Read More
deutsche bank

Accounting whistleblower turns down multi-million reward

22/08/2016(0)
A whistleblower whose information helped reveal false accounting at Deutsche Bank has turned down a huge financial reward from the Securities and Exchange Commission in protest of failure to punish wrong-doing ... Read More
clifford chance law firm

Magic Circle Law firms pick up spots on new EU banking panel

05/08/2016(0)
Magic Circle firms Clifford Chance and Linklaters have been joined by Hogan Lovells and PwC on a new panel created by the new EU authority responsible for winding up banks. The EU’s Single ... Read More
pound

Pound logs biggest quarterly drop since the financial crisis

01/07/2016(0)
The British pound records its biggest quarterly drop since the financial crisis on Thursday after Bank of England Governor Mark Carney says the central bank would likely need to ... Read More
HBOS logo

FRC to investigate KPMG over HBOS audit

29/06/2016(0)
The Financial Reporting Council (FRC) has announced it will be holding an investigation under the accountancy scheme into the conduct of KPMG’s audit of HBOS for the year ended ... Read More
fintech

What is fintech?

03/06/2016(0)
If nothing else it is on course to become a $20bn market this year. Fintech was once simply shorthand for financial technology (a portmanteau). But in 2008-09 in the ... Read More
cftc

$175 Million Penalty for Citibank

26/05/2016(0)
CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. ... Read More
eastern-europe-map-istock_000012011420_large

Central European economies not performing up to potential, IMF warns

06/05/2016(0)
Falling productivity, low investment, and high migration are withholding central, eastern and southern European economies from returning to their pre-crisis potential, the International Monetary Fund has warned. In its ... Read More
GoldmanSachs

Goldman Sachs agreed to pay a $5 billion settlement for its role in 2008 financial crisis

14/04/2016(0)
Goldman Sachs agreed to a $5 billion settlement payment Monday, marking yet another Wall Street giant that’s making up for its financial breaches through money — but whose executives ... Read More
Broker Cyprus TopFX