The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.» Read More
Investors should not be spooked by recent events in the South African mining industry as the market offers a number of strong investment opportunities, Mark Mobius, Executive Chairman at Templeton Emerging Markets Group told CNBC Monday.
China’s economic data is no longer the main driver for financial markets in the Asian region as global economic events take precedence over regional concerns, Chris Tinker, Equity Strategist at Libra Investment told CNBC.
Euro awaits a move by Spain and China fools the forecasters - it's time for your FX Fix.
High-frequency trading firms — the lightning-quick, computerized companies that have risen in the last decade to dominate the nation’s stock market — are now struggling to hold onto their gains. The NYT reports.
Germany and the IMF appeared to soften their stance on the Greek debt crisis over the weekend ahead of an EU Summit which could decide whether the debt ridden euro member is given a new tranche of international aid.
"The key is to get Greece back on track, if we put upon them obligations that they simply cannot deliver on, because it's just too hard and too much -- the program is not going to be credible," IMF's managing director, Christine Lagarde told CNBC's Maria Bartiromo.
Banks, which have been sitting on a pile of real estate assets or listing them at only slight discounts, are beginning to slash prices, eager to get out of the business of being landlords, the NYT reports.
A pensioner whose home was repossessed is taking on some of the world’s leading banks in the first known class-action lawsuit claiming that alleged Libor manipulation made mortgage repayments for thousands of Americans more expensive than they should have been. The FT reports.
Three principals of hedge fund GLG Partners are sitting on a $220m paper loss two years on from their firm’s acquisition by Man Group in the industry’s biggest merger.
With anti-austerity protests across Europe resulting in civil unrest, Switzerland is taking unusual precautions to prepare its army for a refugee crisis or the possibility of protests at home created by a financial crisis.
Europe's top shares ended the week in negative territory with weakness in commodity stocks outpacing gains in healthcare and consumer staples as growth pains smother appetite for risk.
Optimism lifts the euro and China lets the yuan lift — it's time for your FX Fix.
Thanks to the Federal Reserve, Jamie Dimon and the Obama administration, the U.S. economy is “bleeding”, John McCain, the Republican Senator from Arizona and former presidential candidate, told CNBC.
Some of the world’s biggest oil companies and traders are poised to export substantial amounts of crude from the US for the first time in decades, as booming output there promises to reshape global energy markets, The FT reports.
Spain’s reluctance to ask for a bailout was justified, said Angel Gurria, the secretary general of the Organization for Economic Cooperation and Development (OECD), as there were signals that any calls for help by Madrid may be rejected.
Greece is back in the headlines in the wake of a visit by Germany's Angela Merkel. Here's how one expert sees the euro zone's troubles resolving.
While currency investors have been busy monitoring the euro zone mess, downward pressure has been building on the yen.
European shares extended gains on Thursday to close higher, after data showed an unexpected drop in U.S. weekly unemployment benefit claims, reviving hopes the world's biggest economy is recovering.
Australians get to work and the euro bounces back — it's time for your FX Fix.
"I think the Federal Reserve and the ECB are exactly in the right place," explains Roger Altman, Evercore Partners chairman & founder, weighing in on Europe's economic crisis, Fed policy, and the worsening outlook on global growth.