Banking News
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Tokyo -
Bitcoin exchange MtGox faced massive hacker offensives last month, coming under some 150,000 DDoS attacks per second for several days ahead of its spectacular failure, a report said Sunday.The Tokyo-based exchange, which filed for bankruptcy protection...
In the Media
by AFP
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New York -
US authorities are investigating the French banks Societe Generale, BNP Paribas and Credit Agricole for embezzlement and violating American sanctions against other countries, a source close to the matter said Friday.Other big international banks were a...
In the Media
by AFP
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Milan -
An Italian appeals court on Friday acquitted international banks JP Morgan, UBS, Deutsche Bank and Depfa Bank of fraud in the sale of derivative instruments.The Milan court judge's decision overturned a 2012 ruling which ordered the seizure of 89 milli...
In the Media
by AFP
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Paris -
Whether you see Bitcoin as the future of finance or a reckless gamble, the digital currency has become headline news over the past year, even as its origins remain shrouded in mystery.Bitcoin began as a means of payment but quickly became a target for ...
In the Media
by AFP
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Washington -
A man named as being the enigmatic creator of Bitcoin on Thursday denied having a role in the virtual currency, telling reporters he was not involved.In an exclusive report, Newsweek identified a 64-year-old Japanese-American physicist as being the mys...
In the Media
by Fred Brown (AFP)
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New York -
The man behind a popular Twitter account that appeared to provide a rare insider look at Goldman Sachs has lost his book deal after revelations the former banker never actually worked at the firm.Banker John Lefevre gained Internet fame through his @GS...
In the Media
by AFP
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Tokyo -
Japan's government said Friday that Bitcoin is not a currency but that it "is natural" that transactions involving the virtual unit should be taxed."As a matter of common sense, if there are transactions and subsequent gains, it is natural...
In the Media
by AFP
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Washington -
After years of speculation, the true identity of "Satoshi Nakamoto," the mysterious person or group behind the Bitcoin revolution, appeared to have been revealed by Newsweek on Thursday.It turns out it is a Japanese-American model train enthusiast whos...
In the Media
by Paul Handley (AFP)
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Washington -
After years of speculation, the true identity of the mysterious person or group behind the Bitcoin revolution known as "Satoshi Nakamoto" was revealed by Newsweek on Thursday.It turns out his name is, in fact, Satoshi Nakamoto.A reporter tracked down t...
In the Media
by Paul Handley (AFP)
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New York -
Bank of America suspended a senior foreign exchange trader in the latest ripple from a global probe of foreign exchange market manipulation, a person familiar with the matter said Thursday.BofA suspended London-based Joseph Landes, who oversees spot tr...
In the Media
by AFP
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Brian Katt
Bank of America
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Banking Blogs
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Since 2009, the Bank of England has created £375 billion of new money and given it to the banks. * The banks have been...
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So Bob Diamond, the Chief Executive at Barclays, and a man who has one of those faces you would not tire of slapping,...
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The 20th Century saw two world wars and countless regional conflicts, all of which resulted in massive loss of life and...
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As 2011 came to a close and in the first months of 2012, the European Central Bank (ECB) initiated a massive injection...
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Consumer price inflation in China is down to 4.2%. The growth rates of industrial production (output), exports, and...
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