As those with oil heating celebrate the lowest oil prices for many a winter, it is becoming increasingly obvious that the control of the oil market has passed from OPEC to the world’s credit markets. […]
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As those with oil heating celebrate the lowest oil prices for many a winter, it is becoming increasingly obvious that the control of the oil market has passed from OPEC to the world’s credit markets. […]
Many British politicians and tax campaigners are angry after it was revealed that some of the largest and most successful investment banks in London paid little or no corporate taxes in 2014. It was discovered […]
It appears that big banks are finally starting to warm up to online lending upstarts. The aftermath of the 2008 financial crisis resulted in big banks being very hesitant to take risks on high-tech lenders, […]
Ever increasing big bank fees are driving millennials to go local with their money, according to new data compiled by Accenture Plc. Over the last year community banks have netted a five percent increase in […]
International banks that have a strong presence in multiple countries are still not meeting the expectations of the Financial Stability Board. According to a statement issued by the board, countries must enact legislation in order […]
Banks have been getting involved heavily on social media websites, as they have been responding to posts made by people who are complaining about their mortgages. Representatives from banks have been using popular social media […]
Banks in China are developing face-recognition technology so that users can withdraw funds without having to use their bank cards. Instead, the facial recognition software will be able to identify users. The technology is being […]
Daniel Fernandes Rojo Filho, who allegedly participated in a massive Ponzi scheme, supposedly established 17 different bank accounts under the name of his business. Filho is 48 years old, and he claims to be a […]
Financial firms are extremely concerned about their heavy involvement with struggling commodity trader and mining company Glencore. Banks from across the world have approximately $100 billion invested into the company, and most of its trade […]
The cost for using an ATM to withdraw cash is continuing to rise, leading more Americans to think twice before using the machines to stock up on money. According to one survey, the average national […]
Banks throughout the world will soon have to make the decision of either helping upstart technology companies or working against them. Startup technology companies are able to provide banking services that are often cheaper and […]
Antitrust officials in the United States are examining whether or not the country’s four biggest airlines formed a sort of airline cartel, in which they worked together in order to keep airfares high. It is […]
The surviving victims of terrorist attacks cannot easily challenge their perpetrators in a courtroom, but the banks that finance their operations are now fair game. In Brooklyn, New York, a damages trial was to take […]
The most internationally recognized banking institutions in the world face a wave of lawsuits in the UK this autumn to compensate for billions of dollars of losses incurred as a result of their traders rigging […]
In the aftermath of the LIBOR convictions in May this year, in which five global banks agreed to pay $5 billion for their manipulation of interbank interest rates, 22 banks were sued on Thursday for […]
The Greek government may have felt good going into the weekend about stiffing the IMF of a debt payment this week yet the country continued to edge closer to a financial catastrophe. The latest indication […]
Understandably top executives from the biggest U.S. banks are concerned about anti-Wall Street rhetoric on the 2016 campaign trail. The banks have, after all, been running sophisticated criminal enterprises that have victimized hardworking Americans in […]
It wouldn’t be a week in the financial markets without more revelations of criminal conduct at a global mega-bank. Yesterday it was revealed that JPMorgan Chase has been placed under formal investigation in France as […]
The latest developments in Greece do not appear to be positive. Last week, the Greek government seized “excess cash” from municipal government to replenish the central bank coffers so that Athens would be able to […]
After freshly paying a record fine for market manipulation schemes, HSBC Holdings, Europe’s biggest bank, said it will review whether to move its headquarters out of Britain following regulatory and structural changes in the industry. […]
Disturbing news has leaked today that some JPMorgan Chase customers are receiving letters informing them that the bank will no longer allow any cash to be stored in safety deposit boxes. The details of a […]
In what has clearly just become a cost of doing business, Bank of America Merrill Lynch was fined 13.2 million pounds ($20 million) by Britain’s markets regulator for failing to report transactions properly over seven […]
Once bailed out Wall Street investment bank Morgan Stanley reported a much stronger than anticipated rise in quarterly profit, boosted by higher revenue from trading bonds and equities. “This was our strongest quarter in many […]
Ed Clark, former CEO of Canadian banking behemoth TD, stated this morning that he would not allow banks to ‘skin us’ on fees related the upcoming IPO of his company Hydro One. The comment should […]