Email
Password
Remember meForgot password?
    Log in with Twitter

Banking News

Verdict due for French ex-minister 'rooted in fraud'

Paris - Former French budget minister Jerome Cahuzac will on Thursday learn the verdict in his stormy tax fraud trial in which he was accused of hiding millions abroad while leading a crackdown on tax dodgers at home.

State-owned Russian bank VTB says sites hit by cyberattack

Moscow - State-controlled Russian bank VTB said Monday that its websites had been hit by a cyberattack but insisted its systems were still working "as normal".

Russia says foreign spies plotted huge cyberattack

Moscow - Russia on Friday said it had uncovered plans by foreign intelligence services to carry out massive cyberattacks this month targeting the country's financial system.

Singapore fines two British banks for 1MDB-linked lapses

Singapore - Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.Standard Chartered Bank was slapped with a Sg$5.

Andorra ends banking secrecy

Andorra La Vella - Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality once considered a tax haven, approving automatic sharing of information on accounts held by non-residents.

Bank regulators seek deal on crisis reforms

Santiago - World banking supervisors said Wednesday they were closing in on finalizing controversial new regulations to prevent a repeat of the 2008 financial crisis.

Online criminals steal money from 20,000 Tesco Bank accounts

U.K. banking provider Tesco Bank has announced it has suspended all online transactions for its current account customers. The bank's chief executive confirmed criminals stole money from over 20,000 accounts over the weekend. It is currently unknown how.

HSBC should stand trial in tax fraud case: French prosecutor

Paris - A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide at least 1.67 billion euros ($1.84 billion) from the taxman, a source close to the probe said Thursday.

Moldova struggles to reform economy hit by money laundering, theft

Chisinau - Europe's poorest country Moldova -- politically torn between former Soviet master Russia and the West --- has seen its economy ravaged by rampant corruption and a string of money laundering and theft scandals.

France joins bid to host EU bank regulator after Brexit

Paris - France said Wednesday it had joined the race to host the European Union's banking regulator when it has to leave Britain following its exit from the bloc.

Ireland bids to host EU bank regulator after Brexit

Dublin - Ireland will bid to host the European Union's banking regulator when it is forced to leave Britain following its exit from the bloc, the Irish department of finance announced on Tuesday.

Mexican airport agents seize $450 million in bonds from US

Mexico - The Mexican authorities have seized $450 million worth of debt securities at an airport near the capital that were sent from the United States to a Mexican company, an official said.

WikiLeaks releases Clinton speeches for Goldman Sachs

Washington - Three of Hillary Clinton's paid speeches to Goldman Sachs were released on Saturday by WikiLeaks, casting an awkward spotlight on the Democrat's ties to the biggest players on Wall Street in the final stretch of the White House race.

All 'legal', ex-IMF head Rato says in embezzlement trial

San Fernando De Henares - Former IMF chief Rodrigo Rato said Tuesday that using the funds of banks he headed up for personal use was "completely legal," as he took the stand in a trial for embezzlement.

France asks Switzerland to hand over 45,000 UBS accounts: report

Paris - French tax authorities have asked Switzerland to hand over client information for some 45,000 bank accounts as part of a probe into alleged tax fraud, Le Parisien daily said Monday.

French 'rogue trader' Kerviel's legal rollercoaster

Paris - A French appeal court on Friday ordered "rogue trader" Jerome Kerviel to pay one million euros ($1.2 million) to his former employer, Societe Generale, one of France's top three banks.

Yemen's president at UN hits out at Iran

New York - Yemen's president hit out at Iran during his address to the United Nations on Friday, accusing Tehran of blocking peace moves through its support for Huthi rebels who continue to hold the capital."We shall extract Yemen from the claws of Iran.

French 'rogue trader' Kerviel must pay 1.0 mn euros to bank

Versailles - A French appeals court on Friday ordered "rogue trader" Jerome Kerviel to pay a million euros to Societe Generale over the nearly five billion euros he squandered through his reckless risk-taking.

Greek central banker denies rift with government

Atenas - Greece's central banker on Saturday denied that the leftist government of Alexis Tsipras was seeking to squeeze him out as he probes the loans of a politically sensitive bank.

Portugal seeks assurances over EU's treatment of Barroso

Lisbon - Portugal's prime minister on Friday said he had called for "clarifications" from European Commission head Jean-Claude Juncker that there would be no "discriminatory treatment" of his EC predecessor Jose Manuel Barroso, whose decision to work for Goldma...

Graft trial ends for French ex-minister 'rooted in fraud'

Paris - A French court on Thursday heard closing arguments in the stormy tax fraud trial of ex-budget minister Jerome Cahuzac, accused of stashing millions abroad while leading a crackdown on tax dodgers at home.

Juncker opposed Barroso joining Goldman Sachs

Brussels - European Commission President Jean-Claude Juncker said Thursday he opposed his predecessor Jose Manuel Barroso's decision to work for Goldman Sachs because of the firm's role in the global financial crisis.

Italy's crisis-hit BMPS announces fresh management shake-up

Milan - Italian bank BMPS named a new chief executive and announced the resignation of its chairman on Wednesday as part of a major management shake-up at the crisis-ridden lender.

Barroso slams 'discriminatory' EU over Goldman job: letter

Brussels - Former European Commission head Jose Manuel Barroso on Tuesday accused Brussels of discrimination after it ordered an ethics probe into his new role at US investment bank Goldman Sachs.

Taiwan charges three foreigners over $2.6 mn cyberheist

Taipei - Taiwan has charged three foreigners over a $2.6 million cyberheist that used malware to hack into a major local bank's ATM network, prosecutors said Tuesday, adding that they were seeking 12-year jail terms.

France backs EU ethics probe into Barroso's Goldman job

Bucharest - French President Francois Hollande Tuesday threw his weight behind a Brussels probe into whether former European Commission chief Jose Manuel Barroso breached EU ethics guidelines by joining US bank Goldman Sachs.

I did it for my family, says 'tax-dodging' French ex-minister

Paris - France's former budget minister Jerome Cahuzac told his tax evasion trial Monday that he had stashed millions abroad because he wanted to maintain his family's standard of living.

EU's Juncker launches probe into Barroso Goldman Sachs job

Brussels - European Commission President Jean-Claude Juncker has opened a probe into whether his predecessor Jose Manuel Barroso breached EU ethics guidelines by joining US investment bank Goldman Sachs.

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.
  1 2 3 4 5 6 ... 15 Next»

Set up a news alert for

Banking


Banking Image

Bank of America ATM
Bank of America
Brian Katt
Untitled
Photo by Global X via Flickr
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich  Switzerland.
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
Roland zh/Wikimedia Commons
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.
YouTube
UBS logo
UBS logo
Fabrice Coffrini
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
The Credit Lyonnais (now LCL) bank headquarters in Paris France
The Credit Lyonnais (now LCL) bank headquarters in Paris France
Wikicommons