Australian dollar sank after Reserve Bank of New Zealand confirmed it intervened in currency...
The Australian dollar dropped to a record low as the Reserve Bank of New Zealand (RBNZ) confirmed that it intervened in currency markets in...
RBS reports fewer bad investments this year
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 declines amid geopolitcal concerns
The TSX experienced a decline on Monday as tensions rise over poor Chinese economic performance and uncertainty regarding when the US Fed will be...
Bank of America fined $7.65M by SEC because of accounting error
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...
Pessimistic outlook of the eurozone’s economic recovery
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
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 bank dismisses eight employees over Libor and claws back bonuses
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
The vast majority of British manufacturers would vote to remain in the European Union, a new survey found. UK manufacturers’ association EEF reported that...
Starr International claims U.S. government broke the law in its AIG bailout
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 already losing billions following Bill Gross’s abrupt departure
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...