Category : Banking crisis

April 2, 2018 - 6:46:28 AM

HSBC to pay $100 million to end Libor rigging lawsuit in the US

HSBC has agreed to pay $100 million to end private U.S. litigation accusing it of conspiring to manipulate the Libor benchmark interest rate.

March 27, 2018 - 6:38:41 AM

Death knell tolls for the euro as more European nations repatriate gold

The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels.

March 26, 2018 - 8:09:37 AM

SWIFT shutdown: Russia ready with own alternative to international bank transfer system

Global oil giant Rosneft has prepared itself for shutdown of SWIFT interbank cash transfer services, should Russia be shut out of the system as part of Western sanctions.

March 21, 2018 - 6:38:43 AM

Asian Central Banks Unlikely to Follow Fed Rate Hike

Most Asian central banks will stand pat for now, even with the Federal Reserve poised to raise borrowing costs this week.

March 20, 2018 - 4:05:51 AM

Goldman Sees ‘Financial Fragility’ Rising in Markets

Markets are becoming their own worst enemies, according to Goldman Sachs Group Inc.

March 19, 2018 - 7:16:36 AM

JPMorgan has calculated when the next recession will hit

JPMorgan uses a proprietary economic model to forecast the probability of a recession.

March 15, 2018 - 7:48:38 AM

US Senate approves bill rewriting post-crisis bank rules

The bill would ease tight restrictions on small banks and community lenders and includes a number of other provisions beneficial to all but the largest U.S. banks.