Business

australian dollar

Australian dollar sank after Reserve Bank of New Zealand confirmed it intervened in currency...

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The Australian dollar dropped to a record low as the Reserve Bank of New Zealand (RBNZ) confirmed that it intervened in currency markets in...
Royal Bank of Scotland plc

RBS reports fewer bad investments this year

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Royal Bank of Scotland Group plc. (RBS), which is 81.14% owned by the British taxpayer, announced that it expects fewer bad investments this year....
tsx

TSX declines amid geopolitcal concerns

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The TSX experienced a decline on Monday as tensions rise over poor Chinese economic performance and uncertainty regarding when the US Fed will be...
BoA logo

Bank of America fined $7.65M by SEC because of accounting error

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Bank of America is paying off $7.65 million because of an accounting error made five years ago. Bank of America, accused of violating record...
Eurozone Map

Pessimistic outlook of the eurozone’s economic recovery

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European countries are becoming more pessimistic about the outlook of the eurozone’s economic recovery, reflecting that confidence did improve with the recent new stimulus...

South Africans warned of Change in Banking Details Scam

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Banking customers in South Africa are being warned to protect themselves from the Change in Banking Details Scam. The South African Banking Risk Information...
Lloyds Banking Group

Lloyds bank dismisses eight employees over Libor and claws back bonuses

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Lloyds Banking Group plc says it has dismissed eight employees following a probe into Libor manipulation, and has clawed back £3 million in bonuses. The...

British manufacturers are overwhelmingly pro EU

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The vast majority of British manufacturers would vote to remain in the European Union, a new survey found. UK manufacturers’ association EEF reported that...
AIG logo

Starr International claims U.S. government broke the law in its AIG bailout

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Starr International, the investment firm of former AIG CEO Maurice Greenberg, has made allegations in a lawsuit that the U.S. government broke the law...
pimco

PIMCO already losing billions following Bill Gross’s abrupt departure

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Following Bill Gross’s abrupt departure from the bond firm he founded, Pacific Investment Management Co., has suffered more than $10 billion of withdrawals. According...