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Banking

‘Puerile prancing multimillionaire’: Russell Brand slated by irate RBS bank employee
Radical left-wing campaigner and comedian Russell Brand has been labeled a “puerile, self-aggrandizing, prancing multimillionaire” by a disgruntled Royal Bank of Scotland (RBS) worker.

17.12.2014 16:18

Russia crisis leaves banks around the world exposed by the billions
Major banks across Europe, as well as the UK, US, and Japan, are at major risk should the Russian economy default, according to a new study by Capital Economics.

17.12.2014 15:15

Go West, Young Han
November 18, 2014: it’s a day that should live forever in history.

17.12.2014 09:00

Ruble rumble: Currency gains ground after Tuesday trauma
The Russian currency remains volatile Wednesday after it suffered its own ‘Black Tuesday’ losing about 20 percent. The ruble strengthened to 61 rubles per 1 USD, before settling near 62 at market close in Moscow.

17.12.2014 06:30

'Ruble slide: Speculators moved in as Central Bank was asleep at the wheel'
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.

16.12.2014 14:25

Ruble rate does not reflect macroeconomic situation, govt to take measures - minister
The current ruble exchange rate does not correspond to the macroeconomic situation, Russia’s Economic Development Minister Aleksey Ulyukaev said, adding that market players now need a new set of guidelines.

16.12.2014 20:22

​Oil price drop ‘good for Britain’ – Chancellor Osborne
Chancellor George Osborne has welcomed the global fall in oil prices, calling the drop a “net positive” in providing UK consumers with cheaper sources of energy, while applying political pressure on Russian President Vladimir Putin.

16.12.2014 15:07

Slumping ruble should push Russia to ‘live in new reality’ – Bank chief
The plunging ruble is a signal for the Russian economy to adapt to new conditions, Russia’s Central Bank Chair Elvira Nabiullina said, following the surprise midnight decision to hike the key interest rate to 17 percent.

16.12.2014 08:59

Ruble plummets losing more than 20% in a day, hitting new dollar and euro lows
No end seems to be in sight for the plight of the Russian ruble, which slumped to new record lows against hard currencies Tuesday. The EUR traded at 93.5 against the ruble, and the USD at 75.

16.12.2014 10:38

Visa, MasterCard sued for blocking donations to WikiLeaks
​Lawyers representing the credit card processor used by WikiLeaks are suing Visa and MasterCard in the United States over the 2010 banking blockade that kept the anti-secrecy group from receiving funds.

12.12.2014 16:56

Ten major US banks fined $43.5mn over IPO scandal
The US Financial Industry Regulatory Authority (FINRA) has fined 10 major banks, including Goldman Sachs and Morgan Stanley, $43.5 million for letting analysts fake research on Toys “R” Us in return for investment banking deals.

12.12.2014 12:09

House votes to avoid govt shutdown, passes $1trn spending bill
The House of Representatives voted to pass a massive spending bill that will keep the government running into next year, narrowly avoiding a shutdown as Republicans and Democrats spent the night at odds over various provisions.

12.12.2014 02:21