The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far ... Read More
Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink. HSBC Holdings Plc, Europe’s biggest ... Read More
Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at ... Read More
Deutsche Bank and Hewlett-Packard (“HP”) today announced a ten-year, multibillion dollar agreement that will further modernise the Bank’s global information technology (IT) environment and aims to significantly reduce related ... Read More
RBS reports an attributable loss of £3,470 million in 2014, compared with a loss of £8,995 million in 2013. The result included a loss from discontinued operations of £3,445 ... Read More
Russia’s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there — and threatening supplies ... Read More
Greece’s latest deal with its fellow euro zone countries to secure an extension of its bailout program doesn’t mean the country’s new government has bowed to pressure, the country’s ... Read More
Down to -0.5% in the EU Euro area annual inflation was -0.6% in January 20152 , down from -0.2% in December. This was the lowest rate recorded since July ... Read More
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place ... Read More
HSBC ended the day with its shares at 577p, 4.6 per cent lower than Friday’s closing price. Having announced that profits fell 17 per cent during 2014, it admitted its ... Read More
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