International Monetary Fund cautions Chinese Banks
(Jul 30, 2010)

The International Monetary Fund is worried about the risk attached to bank loans issued by Chinese banks. The IMF is concerned about the fact that there is little...

European consolidated tape is a must says Committee of European Securities Regulators
(Jul 30, 2010)

The Committee of European Securities Regulators has expressed its views of having a regulatory solution for post-trade data sources. The CERS reported to the European...

Citigroup to pay USD 75 Million in its Subprime Case
(Jul 30, 2010)

Citigroup will pay USD 75 Million to settle claims alleged by the Securities and Exchange Commission for deceiving its investors in relation to the subprime mortgage...

United States might be in need of Capital raising
(Jul 30, 2010)

US banks might be in need of as much as USD 76 Billion as per the International Monetary Fund. The current economical condition of the US is stable but still faces...

New York State Insurance Department to reassess the legality of Industry practices
(Jul 29, 2010)

The New York State Insurance Department is to question Health and Life Insurance companies about their practices concerning the death benefits provided to beneficiaries....

Citigroup plans to act as per Dodd-Frank Act
(Jul 29, 2010)

The Dodd-Frank Act which was passed a few weeks ago has caused Citigroup to consider moving traders from the Citi Principal Strategies unit to Citi Capital investors....

US economy shows signs of slowdown
(Jul 29, 2010)

The Federal Reserve's Beige Book survey shows that the economic condition of United States has improved but it might not sustain growth for long. The survey results...

Capital Market firms in need for better surveillance system
(Jul 28, 2010)

Half of the Capital Market Industry is found of not having a proper surveillance systems and tools to monitor, despite off regulatory reforms. A study by Progress...

Octopus - Hong Kong's payment card operator admits of data scam
(Jul 28, 2010)

Hong Kong's transit card payment company, Octopus received Hong Kong Dollars 44 Million by providing personal information about customers for the last four and half...

Real Estate Advisory Group of Deutsche Bank to be closed down
(Jul 28, 2010)

Deutsche Bank would discontinue its Commercial Real Estate Advisor Group based in New York providing advisory services on real estate financing which met with extreme...

UK's current economic growth might not prolong, claims National Institute of Economic and Social Research
(Jul 28, 2010)

The economist at NIESR reports that although United Kingdom region has accounted a growth of 1.1 percent in the second quarter, which is the fastest compared to the...

Greece to be examined by International Monetary Fund and European Central Bank
(Jul 27, 2010)

Greece would be examined by the International Monetary Fund and the European Central Bank together with European Commission in order to have a track on the measures...

NYSE Euronext is to commence a Pan-European Multilateral Trading Facility
(Jul 27, 2010)

NYSE Euronext would be the first stock exchange in Europe to act in response to the Cassiopeia Committee by providing a pan-European Multilateral Trading Facility...

Goldman Sachs trouble lies in its Counterparty financial strength
(Jul 27, 2010)

Goldman Sachs dependence on Lehman Brothers and Citigroup during the peak of financial crisis has led it to uncertain state currently as various institutions are...

Merrill Lynch commences its latest Exchange Traded Fund Algorithm
(Jul 27, 2010)

Merrill Lynch, the Investment Banking and Wealth Management division of Bank of America in its latest initiation has brought in the best version of its exchange traded...

USD 7.5 Million fine subjected to Deutsche Bank
(Jul 26, 2010)

Deutsche Bank Securities has received a fine of USD 7.5 Million by the Financial Industry Regulatory Authority (FINRA) in context to its misrepresentation of felon...

Seven out of Ninety One Banks fail the European Stress Test
(Jul 26, 2010)

Banking Stress Test conducted by EU resulted in failure for seven banks while the other eighty four sailed through smoothly under the European regulation. Seven banks...

Bank of America intend to sell USD 1.2 Billion in Warburg Pincus commitments
(Jul 26, 2010)

Bank of America is continuing to shed its private equity portfolio through sales in the secondary fund market with USD 1.2 Billion worth of commitments to Warburg...

Financial Crisis Inquiry Commission questions Goldman Sachs
(Jul 26, 2010)

Goldman Sachs is to be questioned by Financial Crisis Inquiry Commission on its banking system and also is threatened to bring in outsider auditors. The authority...

Mobile banking usage doubles worldwide in 18 months claims a survey
(Jul 23, 2010)

KPMG survey conducted globally has come up with a result that China is the leader when it comes to the usage of mobile banking with a 77 percentage of customers using...

Bank of Ireland's ATM anti fraud system wrongly debits cash from customers accounts
(Jul 23, 2010)

Bank of Ireland is repaying funds of 3 Million Euros to around 43,000 ATM users after a problem is been encountered with its anti-fraud system. The bank's current...