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Bitcoin not money, US judge rules in victory for backers

New York - Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system.

Taiwan arrests three foreigners in $2.5m ATM cyberheist

Taipei - Taiwan has arrested three foreign suspects over a $2.5 million cyberheist which used malware to hack into a major local bank's ATM network and steal bags of cash, police said Monday.

Hollande says Barroso's Goldman Sachs job 'morally unacceptable'

Paris - French President Francois Hollande on Thursday described former European Commission chief Jose Manuel Barroso's new job advising US banking giant Goldman Sachs on the consequences of Brexit as "morally unacceptable".

Thieves force Taiwan cash machines to churn out $2 mn

Taipei - Thieves suspected of installing a computer programme that forced cash machines in Taiwan to churn out more than $2 million were being hunted by police on Tuesday, officials said.

Barroso must not divulge secrets to Goldman Sachs: EU

Brussels - The European Commission said Monday its former head Jose Manuel Barroso will be bound by EU rules of professional secrecy at his controversial new job for US investment bank Goldman Sachs.

Barroso slammed over Goldman Sachs Brexit job

Paris - Former European Commission president Jose Manuel Barroso faced a wave of criticism Saturday after it emerged that he will advise US investment bank Goldman Sachs on the fallout from Brexit.

Lagarde on Tapie payout case: 'I always had a good conscience'

Washington - International Monetary Fund chief Christine Lagarde, facing a possible trial in France over a huge payout to tycoon Bernard Tapie, says her conscience is clear in the case, whatever happens.

Bank Of England relaxes rules as Brexit risks 'crystallise'

London - The Bank of England on Tuesday relaxed commercial banks' capital requirements to boost lending to businesses and households, and warned that financial stability risks "have begun to crystallise" after Brexit.

Emergency measure that feeds Greek crisis

Atenas - Call it the law of unintended consequences -- a measure to save Greece from the abyss of a default and crashing out of the eurozone now holds its economy in a stranglehold preventing its recovery.

Blow for IMF's Lagarde in French Tapie payout case

Paris - A French prosecutor on Friday said IMF chief Christine Lagarde should stand trial for her handling of a massive state payout to tycoon Bernard Tapie in 2008 when she was France's finance minister.

French prosecutors seek UBS tax fraud trial: legal source

Paris - French finance prosecutors have asked for Swiss bank UBS to face trial for allegedly orchestrating a vast system of tax fraud in France, a legal source said Monday.

French rogue trader Kerviel heads back to court

Versailles - French rogue trader Jerome Kerviel, whose actions almost bankrupted one of Europe's biggest banks, headed back to court Wednesday as Societe Generale seeks to recover 4.9 billion euros ($5.5 billion) in losses and interest.

Societe Generale ordered to pay damages to rogue trader Kerviel

Paris - A French tribunal on Tuesday ordered Societe Generale to pay 450,000 euros in damages for firing rogue trader Jerome Kerviel -- whose actions almost bankrupted one of Europe's biggest banks.

US acts to further isolate North Korea from global banking

Washington - The United States took steps Wednesday to further lock North Korea out of the world financial system as it officially labeled the country a "global money laundering concern.

Woman charged over $3.4 mn Australian 'handbag spree'

Sydney - Australian police have charged a 21-year-old woman with fraud after she allegedly spent US$3.4 million that her bank mistakenly gave her, with much of the money reportedly lavished on handbags.

Malaysia PM names new bank chief amid funding scandal

Kuala Lumpur - Malaysia's scandal-plagued prime minister on Wednesday appointed a new central bank governor, who will take over from respected longtime chief Zeti Akhtar Aziz amid a contentious financial scandal.

U.S. rejects 'living will' plans of most large US banks

New York - US regulators rejected Wednesday the bankruptcy contingency plans of five giant US banks that aim to avoid taxpayer bailouts if they fail.

Sweden military servers hacked, used in 2013 attack on U.S. banks

Stockholm - Swedish military computers were hacked and used in an attack targeting major US banks in 2013, the armed forces said on Monday.The attack knocked out the web pages of as many as 20 major US banks and financial institutions, sometimes for several days.

Decision due on retrial for French rogue trader Kerviel

Paris - Investigators will decide Monday on whether French rogue trader Jerome Kerviel has the right to a retrial over his conviction for gambling away 4.9 billion euros ($5.5 billion) and almost bankrupting one of Europe's biggest banks.

HSBC to launch biometric banking in UK market

New York - UK’s proactive government has been pushing for an impossible-to-fake personal identification system to help deter financial fraud and terrorist funding schemes. HSBC’s UK headquarters thinks it has found the solution in biometric banking.

Would eliminating $100, 500 euro banknotes beat crime?

Washington - Drug czars and terrorists could find their operations tougher -- or at least their gym bags heftier -- if proposals to eliminate high-value US and European banknotes gain traction.

French ex-budget minister's tax fraud trial delayed

Paris - The tax fraud trial of France's disgraced former budget minister Jerome Cahuzac was adjourned Wednesday to September 5 after his defence challenged the constitutionality of the case.

French ex-budget minister goes on trial for tax fraud

Paris - France's former budget minister Jerome Cahuzac, who stashed millions abroad while cracking down on tax cheats at home, went on trial Monday for tax fraud.

French ex-budget minister on trial for tax fraud

Paris - Former French budget minister Jerome Cahuzac, who resigned in disgrace in 2013 after admitting to having a secret Swiss bank account, goes on trial Monday for tax fraud.The 63-year-old faces up to seven years in jail and two million euros ($2.

Rogue trader Kerviel launches retrial bid in fraud case

Paris - Convicted rogue trader Jerome Kerviel appeared in a Paris court Monday seeking a retrial over his fraud conviction stemming from risky bets that nearly brought down Societe Generale, one of Europe's biggest banks.

Sceptics of Iran nuclear deal 'all proven wrong': Rouhani

Tehran - President Hassan Rouhani said Sunday that sceptics who had warned a nuclear deal with world powers would not bring benefits to Iran "were all proven wrong".

IMF chief Lagarde facing French trial over payout to tycoon

Paris - International Monetary Fund (IMF) chief Christine Lagarde was ordered Thursday to stand trial over her handling of a massive state payout to French tycoon Bernard Tapie when she was finance minister.

After rescuing banks, Italy moves to bail out savers

Milan - Italy was working Friday to set up a solidarity fund to help small investors who lost money in the rescue last month of four regional banks, following the suicide of a man whose life savings were wiped out.

Eurozone bailout rescues Greece's top bank

Luxembourg - The eurozone's bailout fund rescued Greece's largest bank on Tuesday, launching a recapitalisation process that is a crucial part of the country's third loan programme in five years.The European Stability Mechanism unlocked 2.72 billion euros ($2.

Greek banks must find up to 14.4 bn euros after ECB stress test

Frankfurt - Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said, releasing the results of an in-depth financial health check.
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UBS logo
UBS logo
Fabrice Coffrini
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.
Bank of America ATM
Bank of America
Brian Katt
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich  Switzerland.
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
Roland zh/Wikimedia Commons
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
The Credit Lyonnais (now LCL) bank headquarters in Paris France
The Credit Lyonnais (now LCL) bank headquarters in Paris France
Photo by Global X via Flickr

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