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Finance News

Facebook expands payments on Messenger across the entire U.S.

Everybody in the United States can now send and receive payments using Facebook Messenger after a large expansion made the feature mainstream. Users of the app can transfer funds with their friends quickly using just a compatible debit card.

Follow the money: Magnitsky case reaches Saint Tropez

Paris - In a fresh twist to the Sergei Magnitsky tax scam case which soured US-Russia relations, French investigators have found a money trail leading to the glitzy resort of Saint Tropez, sources told AFP.

Op-Ed: Study says Americans dedicated to saving, but still struggling

Everyone loves having extra money in the bank, but when it comes to the practical aspect of building up a savings account many Americans are still struggling to meet their financial goals.

'Conversation' with Hillary Clinton? That'll be $2,700

Washington - Four, five, even six times per week, Hillary Clinton meets deep-pocketed supporters eager to shake hands with the celebrity Democrat -- all-but-obligatory encounters helping her amass the war chest needed to win the White House.

Canadian Opposition party gains support for ban on banking fees

The Official Opposition in Canada has built cross party support for a motion to halt the rising tide of mandatory pay to pay banking charges.

G7 ministers meet on global growth amid shadow of Greek crisis

Dresden - Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden Thursday to seek ways of boosting global growth, while the Greek crisis also cast its shadow over the talks.

Google lets schoolboy run up £3000 bill as app purchases bounce

An 11-year-old school student ran up a bill of over £3000 on his mother's card after a series of app and game purchases were charged repetitively by Google despite the payments failing. Google made hundreds of transactions in just a few days.

French, German leaders hold talks with Greek PM in Riga

Riga - Greek Prime Minister Alexis Tsipras held "friendly and constructive" debt talks with the leaders of France and Germany but gave no sign of a breakthrough ahead of a crucial June deadline.

Op-Ed: Is alternative finance a silver bullet for SMEs seeking funding?

Alternative finance is the small and medium-sized enterprises (SME) world’s latest buzz term, promising companies a flexible recourse from a financial landscape dominated for too long by the shrinking availability of bank loans.

Oxfam assails World Bank arm for rights violations

Washington - The World Bank's private-sector finance unit supported development projects in numerous countries that involved grave violations of human rights, anti-poverty group Oxfam alleged in a new report Thursday.

FTSE 100 sets record on Tuesday but fails to hold it on Wednesday

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.

Ex-party head charged in Sarkozy campaign finance scandal: judicial source

Paris - The former head of France's right-wing UMP party was charged Tuesday with "abuse of confidence" over a campaign finance scandal dating back to Nicolas Sarkozy's run for the presidency in 2012.

Cleaning ladies first winners in new anti-austerity Greece

Athens - The reinstatement of the cleaning ladies at Greece's finance ministry was perhaps the most symbolic measure announced by the new anti-austerity government of Prime Minister Alexis Tsipras on Wednesday.

Asian stocks sink, euro near nine-year low

Hong Kong - Tokyo's Nikkei led an Asian share slump Tuesday following painful losses in New York and Europe, with fears sparked by the global slump in oil prices and the Greek political crisis.

Hedge fund founder shot dead in New York, son questioned

New York - A hedge fund founder was found fatally shot in his plush Manhattan apartment Sunday and his son later called in for questioning, police said amid press reports he pulled the trigger.

Germany warns Greece over reforms as radical left rises

Berlin - Germany's finance minister warned Greece that any new government must respect commitments made by its predecessor, as the country moved closer to early elections that EU officials fear would be won by a radical leftist party.

Poorest countries 'left behind': Climate finance report

- Half of nearly $8 billion in climate finance given to the developing world since 2003 went to just 10 countries, and nations most at risk got the short end of the stick, a report said.

Ex Vatican bank heads accused of embezzlement, accounts seized

- Two former Vatican bank managers and a lawyer have had their accounts seized as part of an investigation into allegations of embezzlement, the Vatican said Saturday.

Vatican discovers hundreds of millions of euros 'tucked away'

- The Vatican's economy czar said Friday he had stumbled across hundred of millions of euros "tucked away" in various accounts, describing the windfall as a relic of the papacy's medieval but soon-to-be reformed financial set-up.

Ukraine names U.S. national Jaresko as finance minister

Kiev - Ukraine's parliament on Tuesday confirmed U.S. national Natalia Jaresko as finance minister while handing the economy portfolio to Lithuanian investment banker Aivaras Abromavicius in a new government designed to sweep out graft.

Canada’s housing market continues to strengthen

As concern grows over the amount of capital that banks are holding to use for mortgage lending, Canadian financial officials want to monitor the situation to watch for signs of a real estate bubble occurring.

New reports suggest that the rich are getting richer

According to recent data and news reports, it’s true that the rich are getting richer. While that revelation may not surprise many, the reason why could.

Global financial regulator issues rules to curb 'too big to fail'

A global banking regulator has issued a series of proposals meant to protect taxpayers from ever again having to finance a bailout of large banks considered "too big to fail."

Identity theft: Why you need to worry beyond data breaches

Data breaches are an obvious problem these days, however, these massive exploits aren't all people need to worry about. While all eyes are on the big exploits, often the small-time criminals are also quietly raking in the cash.

Transfer money with just a tweet in France from tomorrow

French citizens can now transfer money to friends and family via a simple tweet thanks to a partnership between Twitter and French bank Groupe BPCE.

Australia PM vows to 'shirtfront' Putin at G20 over MH17

Sydney - Prime Minister Tony Abbott on Monday vowed to "shirtfront", or confront, Russian President Vladimir Putin at the G20 summit next month over the loss of Australian lives in the MH17 crash over Ukraine.

G20 finance chiefs aim to 'change destiny of global economy'

Cairns - Finance chiefs from G20 nations held talks Saturday, confident they can "change the destiny of the global economy" despite rising world political tensions and mounting fears of financial instability.

World financial teen literacy assessed: U.S. ranks only average Special

Paul Golden, of the National Endowment for Financial Education, speaks with Carol Ruth Weber about the importance of teaching teens to be financially literate. Read the full interview for Golden's tips on how to educate children to be money-wise.

Pay day loan middlemen complaints double in UK this year

Earlier this week, the Financial Ombudsman Service in the UK reported how it had seen complaints about so-called "middlemen" to pay day loan providers more than double this year.

Money management expert Bruce Sellery offers tips on finance Special

Digital Journal's interview with finance expert Bruce Sellery, conducted over Twitter, shed light on tips and advice for anyone looking to better manage their money.
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Retirement
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Standard Chartered bank
Standard Chartered bank
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A sign outside the headquarters of JP Morgan Chase & Co in New York
A sign outside the headquarters of JP Morgan Chase & Co in New York
With permission by Reuters
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
John Swinney MSP
John Swinney MSP
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
Federal Reserve G20 Data Display in Ratio Line Chart
Federal Reserve G20 Data Display in Ratio Line Chart
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
The G20 Deputy’s Meeting and Financial Market Conference in Berlin on May 19-20.
Comparison of disposable incomes
Comparison of disposable incomes
Wyatt Emmerich, theclevelandcurrent.com
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The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany