Banking News
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By AFP
Paris -
The money transfer business is personal for Ismail Ahmed. It was cash wired by his family that allowed him to make the final leg of his journey from escaping fighting in his native Somaliland to London in 1988 to take up a university scholarship.
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By AFP
Vilnius -
European Central Bank chief Mario Draghi is expected to outline plans on Thursday to offer fresh assistance to banks and hint at further options to counteract rising worries about growth and inflation in the eurozone.
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By AFP
Frankfurt Am Main -
Politics will have an unusually large role in picking a new chief for the European Central Bank this year, as the switchover coincides with European Parliament elections and the choice of a new Commission.
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This technological disruption has a large effect on how banks operate, and it seems unlikely that the pace of change will decelerate anytime soon.
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By AFP
New York -
A former Goldman Sachs banker pleaded not guilty Monday in New York to bribery and other charges in the multi-billion-dollar 1MDB scandal after being extradited from Malaysia.
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By AFP
New York -
US President Donald Trump, along with his family and businesses, on Monday sued Deutsche Bank and Capital One in an attempt to stop them from complying with Congressional subpoenas issued as part of a probe into foreign political influence.
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By AFP
Rio De Janeiro -
A Brazilian bank commercial highlighting the country's diversity was pulled following a request by far-right President Jair Bolsonaro, the bank confirmed Friday.
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By AFP
Frankfurt Am Main -
The European Central Bank will hint Wednesday at moves to support the eurozone economy but stop short of new action, analysts expect, as the Frankfurt institution eyes lingering political risks.
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By AFP
Washington -
The US Treasury slapped sanctions Monday on a Russia-based bank partly owned by Venezuela for its support for the government of embattled President Nicolas Maduro and the sanctioned state oil company PDVSA.
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U.S. Federal regulations currently prevent banks from building relationships with cannabis businesses in legalized states.
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By AFP
Thohoyandou -
"As treasurer of my stokvel, I had to go to the bank almost every day to find out what is happening," said Annah Muambadzi, 65, of the panic that gripped her savings club.
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By AFP
Riga -
Latvian prosecutors on Tuesday said they had temporarily lifted a travel ban on the eurozone country's central bank chief who is facing bribery charges, allowing him to attend a board meeting of the European Central Bank.
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By AFP
Monrovia -
Five once senior figures at the Liberian Central Bank, including the son of long-serving former president Ellen Johnson Sirleaf, were charged Monday with criminal conspiracy and "economic sabotage" following a probe into a banknote printing scandal.
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By AFP
Paris -
Europe's banking regulator on Friday urged European branches of British banks to ensure that clients' funds will remain covered by deposit guarantee schemes in case of a no-deal Brexit.
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By AFP
Kuala Lumpur -
A former Goldman Sachs banker accused of involvement in the multi-billion-dollar 1MDB scandal will only be extradited to the United States after legal proceedings against him in Malaysia are completed, a minister said.
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By AFP
Bobigny -
The driver of a French cash delivery van who made off with about three million euros ($3.2 million) was charged and remanded in custody on Saturday, prosecutors said.
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By AFP
New York -
Goldman Sachs's decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement at shareholder and public outrage over the debacle.
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By AFP
Frankfurt Am Main -
Germany's biggest lender Deutsche Bank reported Friday a profit for the first time in four years, with executives looking to convince investors and media a phase of "controlled growth" has begun.
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By AFP
Washington -
The United States said Tuesday that it has handed control of Venezuela's bank accounts in the United States to Juan Guaido, the opposition leader whom Washington has recognized as interim president.
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By AFP
Manila -
A Philippine ex-banker was handed a lengthy jail term and $109 million fine Thursday in the first conviction over one of the biggest ever cyberheists which saw $81 million stolen from Bangladesh's central bank.
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By AFP
Kuala Lumpur -
An ex-Goldman Sachs banker facing charges in the US and Malaysia over a massive financial scandal Monday had his bid to be freed on bail rejected by a Kuala Lumpur court.
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By AFP
Bucharest -
Romania's left-wing government on Friday issued a controversial emergency ordinance imposing new taxes on banks and energy companies, despite an outcry from investors.
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By AFP
Kuala Lumpur -
Goldman Sachs on Tuesday accused the former Malaysian government and state fund 1MDB of lying to the bank, after Kuala Lumpur charged the Wall Street titan over a massive financial scandal.
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By AFP
Kuala Lumpur -
Malaysia filed criminal charges Monday against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1MDB scandal.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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...
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By AFP
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.
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Banking Image
An automated teller machine (ATM). Digital Journal
The Euro sign outside the European Central Bank in Frankfurt, Germany
Bank of America Brian Katt
UBS logo Fabrice Coffrini
Photo by Global X via Flickr
London's financial district, taken from a helicopter trip.
The Credit Lyonnais (now LCL) bank headquarters in Paris France Wikicommons
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland. Roland zh / Wikimedia Commons
Five models and three different generations of security token devices for online banking. The newer models are in the foreground. M0tty
Members of the organization have called on their supporters to boycott HSBC and see it as a test of their faith. YouTube
A Barclays bank in Birmingham, UK ell brown
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