Email
Password
Remember meForgot password?
    Log in with Twitter

Banking News

Shock waves of #MeToo reach the City of London

London - A series of very public sackings, suspensions and departures suggests that Britain's finance world is waking up to the toxic implications of sexual harassment and bullying in the workplace.

Germany, France 'in fresh push for EU financial transaction tax'

Frankfurt Am Main - Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions, a German newspaper reported.

German police raid Deutsche Bank in 'Panama Papers' graft probe

Frankfurt Am Main - German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak.

Ex-IMF chief Rato in dock again in major Bankia trial

Madrid - A mega-trial harking back to the dark years of Spain's economic crisis kicks off Monday over the alleged fraudulent 2011 listing of financial giant Bankia, with former IMF leader Rodrigo Rato in the dock.

Danske Bank whistleblower says he raised alarm four times

Copenhagen - A whistleblower who uncovered a massive alleged money laundering scheme at Danske Bank's Estonian branch told a Danish parliamentary commission Monday that he had notified his superiors four times about suspicious transactions but no action was ever ta...

Ex-Goldman Sachs CEO met with key 1MDB figure: FT

New York - Former Goldman Sachs CEO Lloyd Blankfein is the senior executive mentioned in US court papers as having met a man at the center of the 1MDB corruption scandal in Malaysia, the Financial Times reported Thursday.

Mexican stocks plunge over move to slash bank fees

Mexico - Mexico's main stock index plunged nearly six percent Thursday after President-elect Andres Manuel Lopez Obrador's party introduced legislation to dramatically slash the fees banks can charge clients.Dragged down by banking stocks, the BMV index slid 6....

Spanish PM defies Supreme Court in tax row

Madrid - Spain's prime minister defied the Supreme Court in a rare move on Wednesday, stating that banks would now have to pay a mortgage tax instead of customers in opposition to what the highest court had ruled.

US to exempt eight countries from new Iran oil sanctions: Pompeo

Washington - The United States will allow eight countries to continue importing Iranian oil but only at much lower levels after the reimposition of sanctions on Monday, Secretary of State Mike Pompeo said Friday.

Malaysian in 1MDB scandal denies wrongdoing after US charges

Kuala Lumpur - A Malaysian financier at the centre of a corruption scandal surrounding state fund 1MDB maintained his innocence Friday after the US unveiled criminal charges against him and two ex-Goldman Sachs bankers.

US charges ex-Goldman Sachs bankers in Malaysia graft scandal

New York - US officials have unveiled criminal charges against two former Goldman Sachs bankers over the scandal-plagued Malaysian sovereign wealth fund 1MDB, raising fresh questions about corporate culture at the prestigious investment bank.

US unveils indictments in Malaysia bribery scandal

New York - US officials unveiled criminal indictments Thursday against an intermediary to scandal-plagued Malaysian sovereign wealth fund 1MDB and a former Goldman Sachs banker involved in an elaborate alleged bribery scheme.

Restructuring fails to halt revenue slide at Deutsche Bank

Frankfurt Am Main - Germany's biggest lender Deutsche Bank reported tumbling profits and ebbing revenues in the third quarter Wednesday, failing to meet analyst forecasts as its latest restructuring weighs on performance.

Mass tax trickery cost Europe 55 bln euros: report

Frankfurt Am Main - Two closely-related tax schemes have helped banks and investors avoid tax or even syphon cash directly out of European treasuries totalling billions more than previously thought, an investigation by 19 media revealed Thursday.

Q&A: Blockchain provides financial access to the unbanked Special

Boston based Airfox is a new service designed to provide financial access to unbanked individuals in Brazil. Digital Journal spoke with CEO and co-founder Victor Santos to discover more.

NY fines UAE's largest bank over lax money-laundering safeguards

New York - New York state financial regulators on Wednesday fined the Dubai-based Mashreqbank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money laundering and terrorism finance.

Swiss bank UBS on trial in France over tax fraud claims

Paris - The Swiss banking giant UBS goes on trial in Paris on Monday to face accusations it orchestrated a huge tax fraud scheme for wealthy French clients, with potential fines of billions of euros.

No deal Brexit could trigger U.K. recession

London - A no deal Brexit for the U.K. could lead to a recession, according to a leading banker. This presents a key issue as uncertainty hovers over the British government's strategy.

Danske Bank says US probing money laundering claims

Copenhagen - Danske Bank said Thursday it was being investigated by the US Department of Justice over possible money laundering related to more than $200 billion transferred through the Danish lender's Estonian branch.

Liberian cash safely in govt coffers: central bank

Monrovia - Liberia's central bank said Wednesday that $100 million US has been safely deposited in the West African country's reserves, dismissing rampant rumours that container-loads of banknotes had disappeared.

Spain court confirms jail term for ex-IMF chief Rato

Madrid - Spain's Supreme Court on Wednesday confirmed former IMF chief Rodrigo Rato's jail sentence of four years and six months for misusing funds in a case that sparked outrage when it was uncovered at the height of the country's economic crisis.

Money launderers are taking EU to the cleaners, experts say

Paris - European Union nations may boast the world's most stringent anti-money laundering rules, but recent scandals show that criminals are good at exploiting the bloc's Achilles' heel: A patent lack of coordination.

Danske Bank whistleblower a British ex-executive: report

Copenhagen - The whistleblower who unveiled alleged money laundering at Danske Bank's Estonian branch has come forward as Howard Wilkinson, the British former head of the lender's market business in the Baltics, local media reported on Thursday.

German supervisor raps Deutsche Bank over money laundering

Berlin - Germany's financial supervisor urged Deutsche Bank Monday to beef up its fight against money laundering, and for the first time used its power to embed an auditor at the country's biggest lender.

BIS warns global economy risks crisis 'relapse'

Zurich - The Bank of International Settlements said Sunday the global economy risked a "relapse" of the crisis that rocked it a decade ago, warning there was little "medicine" left to treat the patient a second time.

Danske Bank CEO resigns over money laundering scandal

Copenhagen - The chief executive of Denmark's largest lender, Danske Bank, resigned on Wednesday as the institution said it was unable to determine how much money was laundered through its Estonian branch.

Danske Bank CEO resigns over money laundering scandal

Copenhagen - The chief executive of Denmark's largest lender Danske Bank announced his resignation Wednesday as the institution said it was unable to determine how much money was laundered through its Estonian branch.

'Lehman Weekend': the biggest bankruptcy in American history

Washington - It was "Lehman Weekend." The moment in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s.

10 years ago, Iceland's massive financial crisis erupted

Reykjav - Banks in ruins, a currency in free fall and the IMF called to the rescue: A decade ago Iceland's worst financial crisis erupted, a traumatic experience the nation still struggles to forget.

'Our mortgage doubled': The Iceland families bearing cost of crash

Reykjav - It's been 10 years since Iceland's economy crashed, but Asthildur Thorsdottir and her husband Hafthor Olafsson are still struggling with crippling debt and an uphill legal battle to save their family home.
  1 2 3 4 5 6 ... 20 Next»

Set up a news alert for

Banking


Banking Image

Members of the organization have called on their supporters to boycott HSBC and see it as a test of ...
Members of the organization have called on their supporters to boycott HSBC and see it as a test of their faith.
YouTube
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich  Switzerland.
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
Roland zh / Wikimedia Commons
UBS logo
UBS logo
Fabrice Coffrini
Five models and three different generations of security token devices for online banking. The newer ...
Five models and three different generations of security token devices for online banking. The newer models are in the foreground.
M0tty
Untitled
Photo by Global X via Flickr
The Credit Lyonnais (now LCL) bank headquarters in Paris France
The Credit Lyonnais (now LCL) bank headquarters in Paris France
Wikicommons
London s financial district  taken from a helicopter trip.
London's financial district, taken from a helicopter trip.
Bank of America ATM
Bank of America
Brian Katt
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
An automated teller machine (ATM).
An automated teller machine (ATM).
Digital Journal