A proposed merger in Malaysia will create the first Islamic bank that will have enough clout to challenge conventional, often Western, banks.» Read More
Stocks added to gains Thursday, led by techs, after a handful of positive economic news and ahead of a key vote on a bill to cut the U.S. deficit in Congress.
Futures gained Thursday after weekly jobless claims fell more than expected, but investors continue remain on edge ahead of a key vote on a bill to cut the U.S. deficit in Congress.
Emerging Asia’s wealthy are getting richer twice as fast as their peers in other regions. For private banks, which generally seek clients with at least $1 million in investable assets, that sounds like a licence to print money. The FT reports.
Global regulators are poised to set tighter capital requirements for about 30 of the world’s biggest banks, to ensure the next financial crisis can be contained, the FT reports.
Stocks rallied over 1 percent Tuesday following a handful of economic data that helped boost investor confidence and after China's robust industrial production report.
Stocks ended narrowly mixed in a choppy session Monday, after another downgrade of Greece's credit rating offset gains from a flurry of M&A activity and as investors continued to worry over a slowing global recovery ahead of a handful of key economic news throughout the week.
US stock index futures signaled a largely flat open for stocks on Monday, after Wall Street ended down for the sixth week on Friday.
The anti-corruption group Global Witness says it has obtained a document that details for the first time the involvement of Western banks—including some in the U.S.—in financing the regime of Libyan leader Moammar Gaddhafi.
While governments have largely failed to lower debt and the consumer in many parts of the world remains highly leveraged, companies have been leading the way in repairing their balance sheets.
There are 210 million registered cell phones in Brazil, 10 million more than the estimated population of the entire country, more proof to this traveler that Brazil is a country bursting at the seams.
As a small business owner, you need a credit card company you can count on. You need a financial partner that will be in your corner, that will care about your needs and help you navigate the treacherous financial landscape. However, not all credit card companies are created equal.
The bank could face a shareholder revolt over executive pay later Wednesday; it was warned it will be under scrutiny "for the foreseeable future".
An investigation is under way into the handling of Prudential’s $35 billion aborted bid for Asian life assurer AIA, according to people familiar with the matter. The FT reports.
HSBC’s new chief executive is preparing a radical shake-up of the normally staid bank, slashing costs and reallocating capital in an effort to boost profitability and also resuscitate its flagging U.S. operation. The FT reports.
European Union "passporting" rules allow banks from across the EU to operate in each other’s markets as "branches," subject to regulations in their home country rather than full-blown subsidiaries that would have to play by UK rules. The FT reports.
China's growth remained strong in the first quarter of this year defying market concerns about a slowdown in domestic demand. Meanwhile, inflation undoubtedly continues to be the major concern leading to fears that measures to tame inflation may not be working.
An estimated half million Americans have a painful decision to make between today and August 31 — admit to the IRS that they’ve been hiding secret offshore bank accounts, or take their chances the government won’t find out about their secret horde and possibly send them to jail.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision released enforcement action against fourteen major bank/servicers in the form of consent orders.
Britain's top banks are set to need more capital and ring-fence retail banking to shield taxpayers from another crisis in the most radical industry shake-up for decades, which may prompt some banks to leave.
Budget deal accepted, NYSE bid rejected and British banks relocated? Here's what we're watching…