The Bank of England has trimmed its 2015 growth forecast from 2.9% to 2.5%, and for 2016 from 2.9% to 2.6%. Mark Carney, the Bank of England's governor, meanwhile said gradual interest-rate increases will be enough to get inflation back on track as it has been 0% for a second month in March...
Did Libor rigging help Deutsche Bank avoid a bailout? by Jon Macaskill A series of reports by regulators around the German bank’s $2.5 billion fine raise more questions than answers, while serving up embarrassment to remaining senior management...
In the first publicly announced bitcoin-related investment, Goldman said on April 30 that it co-led a $50 million financing round for Circle, a bitcoin startup led by serial tech entrepreneur Jeremy Allaire. The startup offers a new digital wallet meant for everyday consumers...
China’s central bank guided the yuan to its strongest level in three months as Beijing seeks to stem outflows and keep the tightly controlled currency buoyant just as the economy suffers a bruising slowdown...
In its twice-yearly World Economic Outlook, the IMF retained the world growth forecast for this year at 3.5 percent. The lender raised the growth forecast for next year to 3.8 percent from the 3.7 percent predicted in an interim report in January...
According to Deutsche Bank analysts, changes in how banks gauge the risk of losses on their assets may lead Credit Suisse Group AG’s incoming Chief Executive Officer Tidjane Thiam to further shrink its investment bank...
Though the details remain sketchy as to whether it was a robbery — stealing when people are there — or a burglary — stealing when they are not, the first U.S. bank robbery of note was recorded on March 19, 1831, and involved a theft from the City Bank of New York in the sum of $245,000...
The banking sector in any country governs by different simple and complex nature of financial and banking rules and regulations, which can help them in maintaining their business and banking activities...
Almost 50 applications have been received to join Beijing-led Asian Infrastructure Investment Bank, a rival to the Asian Development Bank and other US-led financial institutions. Some 30 applications have already been approved...
China’s bad debts are on the rise. Reuters analyst explains why this is a good news...
The biggest European economy is expected to keep its growth in the first half of 2015 and continue to expand as strongly as at the end of 2014, Germany's central bank has stated...
Regulators in the United States criticised HSBC and Royal Bank of Scotland (RBS) for failing to make adequate provisions in the event of their collapse and said they must improve their so-called "living wills" or face regulatory action. French bank BNP Paribas was also criticised...
On Friday, Bank of Japan Governor Haruhiko Kuroda said that the domestic price trend is still upward for the long-term, because the negative effect of last year's plunge in crude oil prices on consumer inflation will "disappear eventually...
"In my view, the Fed will not increase interest rates this year," Marc Faber, the editor of the Gloom, Boom & Doom Report editor said to CNBC pointing to dollar strength and recent disappointing economic data...
France, Germany and Italy have agreed to follow Britain’s lead and join the Asian Infrastructure Investment Bank (AIIB), ignoring Washington’s pressure to stay out of the institution...
Spain's Santander and Germany's Deutsche Bank have failed Federal Reserve's "stress test" created to estimate if lenders can withstand another financial crisis...
Barclays has announced a fall in profits as it set aside more funds to cover potential fines for misconduct. The drop comes, as boss Antony Jenkins is awarded his first bonus as chief executive...
Barclays banking group has reported a 12% rise in full-year pre-tax profits, says BBC...
On Friday, Bank of Japan Governor Haruhiko Kuroda reiterated his estimate that a moderate rebound in crude oil prices will help anchor 2% inflation "around fiscal 2015" but outlined a slip in longer-term public inflation expectations...
Morgan Stanley drew a line under claims that it mis-sold mortgage-backed securities in the run-up to the financial crisis, as the bank has reached a $2.6 billion settlement with the US Department of Justice...
