12/21/2014
Switzerland is introducing a negative interest rate on deposits held by lenders at its central bank, moving to hold down the value of the Swiss franc amid turmoil in global currency markets and expectations that deflation is at hand.
12/21/2014
Gold prices edged higher Thursday after Switzerland's central bank said it would introduce negative interest rates next year and as traders continued to adjust their outlook on US monetary policy.
12/21/2014
The 75-page report by Irish law firm Mason Hayes & Curran, which was commissioned by Ulster Bank, found that “on the contrary”, the evidence suggests that its “driving policy” was to manage its indebted commercial customers thr
12/20/2014
LONDON: Banks are likely to increase their bond market borrowing in 2015 despite heavy intervention from the European Central Bank, especially as they start to focus on new regulatory requirements aimed at buttressing their balance sheets
12/20/2014
Financial Conduct Authority puts pressure on banks to make sure bonus pools reflect currency manipulation fines
12/20/2014
If and when enthusiasm for extreme monetary policy as the cure for all ills dries up, we don’t have many options left
12/20/2014
The Bavarian state bank, who were unavailable for comment on Friday, accuses the British billionaire of bribing one of its executives to influence the 2006 sale of Formula One's rights.
12/19/2014
[VIENNA] A long-running legal tussle between Austria and Bavaria took a new twist Friday as Vienna sued the southern German region's state bank for 3.5 billion euros (S$5.6 billion).
12/19/2014
Evgeny Gavrilenkov, the chief economist at the investment banking arm of Russia's largest lender Sberbank CIB, has warned that actions taken by the Russian authorities to bail out Russia's troubled banking sector could cause a "full-scale b
12/19/2014
Two directors of Connaught Asset Management have been disqualified as directors for a combined 16 years for allowing the misuse of up to £106 million in investment funds after an investigation by the Insolvency Service.
12/19/2014
A City of London police spokeswoman declined to comment on the identity of the individual or whether they had been released on bail after questioning, saying only it was an SFO-led investigation.
12/18/2014
20% of banks failed “stress tests” conducted by the European Banking Authority to see if they are strong enough to withstand another financial crisis.
12/18/2014
Media baron Richard Desmond has won a victory over Credit Suisse and hedge fund group GLG after they settled his £42 million court case over what he claimed was an “incomprehensible” financial investment.
12/18/2014
Switzerland's National Bank will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.
12/18/2014
The moves comes after the US fund house had gained a dominant share of Julius Baer's shelf space following the Swiss bank's acquisition of Merrill Lynch's wealth business.
12/17/2014
The FCA said it was ‘encouraged’ by findings over disclosure of charges and services to clients, despite having to refer one advice firm to enforcement over disclosure failures but added that wealth management firms were still getting it wrong
12/17/2014
Andy Brooks, director at Brooks Wealth Management, questioned how advisers restricted to a certain number of providers can be seen to be giving the full breadth of retirement options.
12/17/2014
The rules would also require banks, auditors, lawyers, real estate agents and casinos, among others, to be more vigilant about suspicious transactions made by their clients.
12/17/2014
Many countries, including Germany, have delayed infrastructure improvements.
12/17/2014
Irish lawmakers have opened a fact-finding investigation into the causes of Ireland's banking crisis, when a collapsing property market exposed reckless lending and required an emergency international bailout.