Banking News

Tokyo - Failed Bitcoin exchange MtGox was Wednesday placed in administration by a Japanese court, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said.

New York - A New York regulator probing Credit Suisse's role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation said Tuesday.

Strasbourg - The European Parliament adopted new rules Tuesday to tighten the regulation of financial markets in order to stop rampant speculation, including on foodstuffs.

Strasbourg - The European Parliament approved on Tuesday the last elements of a new set of rules to prevent failing banks from ever again driving EU member states into bankruptcy.

New York - Citigroup reported slightly higher quarterly earnings on Monday, as lower expenses and credit losses helped offset revenue declines in mortgage finance and trading.

New York - US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reports.Some of the employees were fired, while others left voluntarily.

Athens - Greece's Eurobank on Saturday said its board had approved a 2.86-billion-euro ($4-billion) capital increase, in the latest move by one of the country's biggest lenders to bolster its reserves."The general meeting approved...

During the last few years, there has been increase in security issues affecting stock markets and investors. Cyber criminals now pose a larger threat to corporate and personal information.

Washington - US officials said Friday that nine people, including three Ukrainians and a Russian, were charged in a scheme that stole millions of dollars by hacking into online bank accounts.

New York - Wells Fargo Friday reported higher earnings on better credit quality as increases in industrial and commercial loans offset declines in many home-lending categories.Wells Fargo, the nation's largest mortgage lender, said first-quarter earnings were $5....