Banking News
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New York -
BNP Paribas has neared a deal with U.S. prosecutors that would see the French bank pay $8 billion to $9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reports.
In the Media
by AFP
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A large number of credit card users do not fully understand their card's terms, benefits and rewards program, and have trouble selecting between different types of cards. This is according to an annual survey of credit card users.
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Rome -
Pope Francis on Monday denounced those getting rich through speculation in financial markets, calling on them to use their investments for the good of humanity.
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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.
In the Media
by AFP
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Nice -
Six years after his first arrest, French rogue trader Jerome Kerviel was Monday beginning a three-year prison term for his role in the near collapse of Societe Generale bank.
In the Media
by Catherine Marciano (AFP)
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Ventimiglia -
Rogue trader Jerome Kerviel, who has spent two months walking from Rome to protest his treatment by the courts, resumed his march toward France where he is due to start a three-year prison term on Sunday.
In the Media
by AFP
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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.
In the Media
by AFP
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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.
In the Media
by AFP
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Strasbourg -
The European Parliament adopted new rules Tuesday to tighten the regulation of financial markets in order to stop rampant speculation, including on foodstuffs.
In the Media
by AFP
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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.
In the Media
by AFP
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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.
In the Media
by AFP
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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.
In the Media
by AFP
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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...
In the Media
by AFP
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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.
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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.
In the Media
by AFP
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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....
In the Media
by AFP
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New York -
JPMorgan Chase Friday reported lower earnings due to a drop in its mortgage business as the US banking giant seeks to turn the corner after costly legal settlements.
In the Media
by AFP
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Madrid -
Spain's Bankia, rescued by the state from near financial collapse in 2012, announced Thursday it had raised 1.53 billion euros ($2.1 billion) by selling its stake in energy giant Iberdrola.
In the Media
by AFP
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Frankfurt -
Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported on Thursday.
In the Media
by AFP
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London -
Britain's state-rescued Royal Bank of Scotland will pay the government £1.5 billion in a complex deal paving the way for the return of shareholder dividends.The bank has agreed to pay the Treasury the equivalent of $2.5 billion or 1.
In the Media
by AFP
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Sydney -
One of Australia's biggest banks confirmed Thursday it was distancing itself from digital currencies after reviewing its risk profile.
In the Media
by AFP
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Washington -
The US Treasury Department announced plans Wednesday for Ally Financial to raise $2.375 billion in a market debut as it winds down its rescue of the big bank.
In the Media
by AFP
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Madrid -
Spain's state-owned bank Bankia, which was nationalised in 2012 to save it from collapse, said Wednesday it would sell its stake of 4.94 percent in Spanish utility Iberdrola.
In the Media
by AFP
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Washington -
Six years after a wave of financial destruction crashed through the United States and then Europe, risks, some old and some new, still challenge the global economy, the IMF says.
In the Media
by Paul Handley (AFP)
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Barcelona -
Anti-eviction activists blocked Wednesday the entrance to 12 branches of Spain's Banco Popular bank, which they accuse of not doing enough to prevent struggling mortgage holders from losing their homes.
In the Media
by AFP
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Washington -
Bank of America will pay $772 million over illegal credit-card practices that lured consumers into signing up for added products and services, US regulators said Wednesday.
In the Media
by AFP
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Paris -
A French court on Wednesday blocked the extradition of exiled Kazakh oligarch Mukhtar Ablyazov, an opposition figure wanted on embezzlement charges by Russia and Ukraine.
In the Media
by AFP
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San Jos -
Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit.
In the Media
by AFP
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Washington -
US banking regulators on Tuesday ordered the eight largest "too big to fail" banks to raise capital levels in a bid to address weaknesses seen in the 2008 financial crisis.
In the Media
by Veronica Smith (AFP)
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New York -
Citigroup Monday said it reached an agreement with a group of 18 institutional investors to pay $1.125 billion to settle claims on some mortgage-backed securities sold ahead of the financial crisis.
In the Media
by AFP
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Banking Image
Photo by Global X via Flickr
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Wikicommons
The Credit Lyonnais (now LCL) bank headquarters in Paris France
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Fabrice Coffrini
UBS logo
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ell brown
A Barclays bank in Birmingham, UK
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Roland zh/Wikimedia Commons
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
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Brian Katt
Bank of America
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The Euro sign outside the European Central Bank in Frankfurt, Germany
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