Category : Banking crisis
HSBC agreed to pay $101.5 million to settle a criminal probe into currency rigging, which has already led the conviction of one of its former bankers.
Bank failures continue and directly affect savers.
After the failure of the Veneto banks and the rescue of Monte Dei Paschi, it's now the turn of the Carige bank to be in the spotlight.
The Italian Government seems to accept the idea of losing the funds invested in the Bank bailout.
To stay competitive, the largest Nordic bank is being forced to cut staff numbers.
The crisis continues in the banking sector and The Farmers and Merchants State Bank of Argonia is the seventh institution to fail in USA this year.
The bailout of Italy’s fourth-largest bank implied a large loss for the country’s taxpayers.
While Spain is facing a political crisis with Catalonia's desire for independence, economically nothing has been solved. New bank failures are emerging.
Portugal’s government debt went up in June to 132.4% of Gross Domestic Product (GDP), from 130.5% in the first quarter of the year and the 130.3% seen at the end of 2016, the Bank of Portugal said on Tuesday.