Indonesia's currency tumbled to its lowest levels since the Asian Financial Crisis in the late 1990s, despite a lack of crisis-like signals.
Asia's financial regulators are slow to implement measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs.
Banks around the world are in profit for the first since the financial crisis—except for in Europe, according to a new report by BCG.
Take a look at some of Friday's midday movers:
Some of the names on the move ahead of the open.
In the wake of a massive settlement, CFTC chief Timothy Massad tells CNBC areas of bank industry need increased oversight. Get the details.
For banks at the center of the recent foreign exchange investigation, paying the $3.4 billion in fines might be the easy part.
The inquiry into alleged manipulation of the currency market now takes in the world’s biggest banks, traders – and now the U.K’s central bank.
European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.
Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.
These are the stocks posting the largest moves before the bell: BZH, YHOO, AOL, SEAS, AGN, WMT & more.
Financial regulators on both sides of the Atlantic imposed multibillion-dollar fines on five global banks for rigging key foreign exchange markets.
Regulators worked late to announce a multibillion-dollar settlement with five global banks to resolve charges of attempted currency manipulation.
Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.
U.K. regulators investigating allegations of collusion and manipulation in the FX market could fine some banks as early as Wednesday, sources said.
A sudden swell in China's exports of gold and jewelry may signal a resurgence of speculative currency inflows through inflated trade receipts.
HSBC confirmed it had set aside $378m for fines relating to suspected manipulation of foreign exchange markets, amid ongoing talks with U.K. regulators.
Europe shares ended the day higher after the Bank of England outlined tougher leverage rules for banks and the Bank of Japan upped stimulus measures.
British lenders may have to hold more capital to guard against risks of bad loans and other losses.
HSBC is expected to set aside about $640 million to cover the cost of an investigation into suspected manipulation of FX markets. The FT reports.