Banking

[Janet Yellen]

Yellen’s Confirmation as Fed Chair Will Leave Easy-Money Policies, Risks Intact

The Senate’s overwhelming vote to approve Janet Yellen to become the next chair of the Federal Reserve puts...

[Janet Yellen]

Senate sets Monday Vote on Janet Yellen to Head Fed

Janet Yellen moved toward final approval as the Federal Reserve's next chair after the U.S. Senate set a...

bank vault

Japan’s Second-Biggest Bank Punished over Loans to Organized Crime

The Mizuho Financial Group will face a significant shake-up of its management team in March, due to a...

Sales of Bank-Owned Properties Climb

Residential property sales for bank-owned properties increased for the third consecutive month in November.

bank vault

Goldman Sachs Dodges $40 Billion-Bullet

Wall Street stalwart Goldman Sachs narrowly escaped having an enormous chunk of its revenue curtailed by the Volcker...

[SEC building]

Volcker Rule Released Tuesday. Final Version Brings Disruption, Uncertainty to Bank Hedging.

The final version of The Volcker Rule, a requirement of the 2010 Dodd-Frank Wall Street Reform Law, will...

bank sign

$2.3 Billion in Fines for Euro-Rate Rigging

The European Commission (EC) handed down its largest fines ever, totaling $2.3 billion, for interest rate rigging.

British Finance Minister Asks for Broader BoE Powers

British Finance Minister Asks for Broader BoE Powers (Reuters) The Bank of England (BoE) has been asked by...

RBS Appoints Clifford Chance Law Firm to Probe its Lending Practices

Royal Bank of Scotland Group Plc (RBS) chose a law firm, Clifford Chance LLP, to investigate whether the...

Barclays: European Shares to Double in Five Years

The venerable Barclays Bank of England published a report claiming that European shares are “significantly underpriced” and could...