Banking
One of China’s ‘Shadow-Banking’ Practices to End in 2014
Starting in 2014, Chinese banks will be required by the China Banking Regulatory Commission (CBRC) to disclose holdings...
J. P. Morgan’s Legacy under Attack
J. P. Morgan may be in his grave, but he's still coming under attack from the media.
Euro Weakens, Fed Confirms Stimulus will End
The European Central Bank is ready to consider negative interest rates on overnight bank deposits.
Bernanke: Low Rates to Endure Long after QE Ends
Federal Reserve Chairman Ben Bernanke said yesterday, “The target for the federal funds rate is likely to remain...
JPMorgan Settles with Justice Dept. for $13 Billion
After months of negotiation, JPMorgan Chase & Co. (JPM) has agreed to a $13 billion settlement with the...
Moody’s Cuts Rating on Four Banking Behemoths
After a four-month study involving eight of the biggest names in global finance, Moody’s Investors Service has cut...
European Banks to Return $4.8 Billion Early
Banks across Europe that had to borrow money from the European Central Bank (ECB) to stay afloat during...
EU Recovery Slowed, Draghi Calls for Rate Cuts
Mario Draghi, president of the European Union’s (EU) central bank, is calling for an interest-rate cut to help...
Dow, S&P 500 climb for fifth straight week
U.S. stocks rose today to bounce back from yesterday's sell-off after an unexpectedly strong payrolls report and the...
Wells Fargo in Crosshairs of Next Legal Drama
The nation’s largest mortgage lender, Wells Fargo, has been under scrutiny by U.S. government attorneys for more than...