China will lower its intervention in the currency market, reaching an understanding on an issue that has hurt ties between the U.S. and China for years.» Read More
NEW YORK, July 7- A federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums allegedly transferred fraudulently outside the United States.
WASHINGTON, July 2- An official at the U.S. Securities and Exchange Commission broke ranks with other commissioners and voted against granting BNP Paribas a waiver to continue operating several investment advisory units in the United States.
NEW YORK, July 1- HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.
*Sterling weaker after Bank of England comments. NEW YORK, June 24- The U.S. dollar edged higher on Tuesday after stronger-than-expected U.S. housing and consumer confidence data increased expectations of a more hawkish tone from the Federal Reserve.
Scotland could become a financial hub to rival Frankfurt and also double its wealth over the next 25 years, a new report claimed.
Europe's banks are under siege from digital disruption, according to a report out on Monday.
June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank over Freddie Mac's purchase between 2005 and 2007 of mortgage-backed securities that later went sour.
June 19- Royal Bank of Scotland Group Plc agreed on Thursday to pay $99.5 million to resolve a U.S. regulator's claims against the bank in litigation contending that Freddie Mac bought mortgage-backed securities that later went sour.
Japan's exports and imports tumbled in May, raising concern about the outlook for the country as it weathers a rise in consumption tax.
WASHINGTON, June 17- The U.S. Securities and Exchange Commission recently removed language from an agency policy on granting regulatory waivers after an SEC official raised concerns it implied some companies are "too big to fail."
Retail sales missed expectations, and state unemployment benefits claims climbed higher than expected.
SYDNEY/ SINGAPORE, June 12- Australian regulators are ramping up their investigation into the country's banks over fixing of the benchmark inter-bank interest rates and currencies, two sources with direct knowledge of the matter told Reuters.
NEW YORK/ WASHINGTON, June 10- A former Rabobank NV trader pleaded guilty on Tuesday for his role in manipulating Libor, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks. District Judge Jed Rakoff in Manhattan, the U.S. Department of Justice said.
WASHINGTON/ NEW YORK, June 10- A former Rabobank NV trader on Tuesday pleaded guilty for his role in manipulating the Yen Libor benchmark interest rate, the U.S. Department of Justice said. District Judge Jed Rakoff in Manhattan, the Justice Department said.
Subdued euro zone inflation data kept expectations of aggressive European Central Bank monetary stimulus alive, much of which is priced in.
*India keeps policy repo rate at 8 pct. MUMBAI, June 3- India's central bank governor Raghuram Rajan on Tuesday eased rules to spur bank lending and toned down his inflation rhetoric in moves set to be welcomed by a new pro-business government determined to revive economic growth.
Banking CEOs received an average pay rise of 10 percent last year as U.S. banks paid their heads more than their European rivals, the FT reports.
Central bank decisions and a barrage of economic reports in China and Australia will be in focus for Asian markets this week.
NEW YORK, May 30- Twelve major banks asked a U.S. judge on Friday to throw out a consolidated antitrust lawsuit accusing them of colluding to rig prices in the $5 trillion- a-day foreign exchange market, saying the plaintiff investors had failed to properly allege the existence of a conspiracy.
This year has been tough for dollar bulls betting on stellar greenback gains, but they're not giving up.