Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
Legal & Regulatory
Birla's Daughter Leads Father Into Microloans
Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.
Lloyds Asks for Two Year Extension on Branches Sale
Lloyds Banking Group asked for a two year extension from the European Commission for the sale of its 631 branches.
Barclays Under Investigation by German Tax Authorities
Barclays is under investigation by German tax authorities for possible tax evasion according to German newspaper.
Bank Regulators Studying Increasing Simple Leverage Ratio
Bank regulators are now considering increasing the simple leverage ratio to 6%. (Photo : REUTERS)The JP Morgan Chase & Co. headquarters is pictured in New York In a surprising move, US regulators are now studying a proposal to double the minimum capital requirements for its largest banks.
Latest News
Swedish big banks' capital strength are more vulnerable to risk than what appears on paper. (Photo : Reuters)The image is the face of a Swedish kronor bill.
A United States appeals court lets stand Ex-IM's loans. (Photo : REUTERS)The Delta airline logo is seen on a strap at JFK Airport in New York A United States appeals court lets a two-year old decision by the United States Export-Import Bank stand this Tuesday.
Banks from Switzerland are being pressured by European and United States governments to release private information.
Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.
Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.
John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.
On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.
