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Legitimate P2P internet lenders such as Dianrong.com are slowly achieving critical mass in China, the Financial Times reports.
Paris would “have a card to play” as a new European financial hub should Britons vote to quit the 28-country union, leading players in the city’s financial scene told CNBC.
European equities closed lower on Friday as investors looked ahead to Sunday, when a referendum that could affect Greece's future in the euro zone will take place.
Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said.
Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.
European equities closed higher on Wednesday, ending a six-day downward trend, on hopes of further assistance for Greece.
Ex-Barclays chief Bob Diamond told CNBC that tougher regulation means large banks were finding it harder to access to capital.
As voting in the U.K. election gets under way, analysts contemplate the possible effects for American investors.
The greenback reversed earlier losses to trade higher against a basket of currencies on Thursday.
Gold fell two percent on Thursday after U.S. jobs data boosted the dollar, reviving expectations the Fed could raise interest rates soon.
European equities closed lower on Tuesday, as investors took a breather from a stellar rally in the previous session and looked ahead to a meeting of the U.S. Federal Reserve.
HSBC Chairman Douglas Flint told CNBC that relocating the bank's headquarters back to Hong Kong "would be potentially interesting" on Friday.
China stocks remain in the spotlight, but some analysts believe another Asian market offers better opportunities: South Korea.
As China's export engine sputters, it is avoiding the seemingly simple fix of letting its managed currency drift lower to improve competitiveness.
European equities ended lower as investors watched a meeting between the leaders of Greece and Germany.
Equity markets in Tokyo and Shanghai outperformed the region to scale fresh multi-year highs on Monday, drawing strength from a strong finish on Wall Street last week.
Within days of the announcement of raised charges on banks in the U.K., talk of at least one London-based bank relocating elsewhere has emerged.
European equities closed mixed on Wednesday as investors await the outcome of the U.S. Federal Reserve's two-day policy meeting.
Chinese companies are ditching the renminbi for the euro to raise new offshore debt, as the launch of quantitative easing impacts global markets. The Financial Times reports.
Some foreign banks are tightening lending criteria for China's state-owned enterprises, even for borrowers previously seen as safe as government debt.