Swiss banks eager to root out undeclared funds: experts
Amid a massive scandal involving France's former budget minister and an undeclared Swiss bank account, Swiss banks are more eager than ever to kick out tax cheats and clear their names.
09 April 2013 13:20
Portugal PM announces severe spending cuts
Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.
08 April 2013 11:18
Britain brings in ban on 'rip-off' surcharges
A ban on "rip-off" surcharges imposed on credit card spending came into force in Britain on Saturday, meaning traders must ensure that the extra fees reflect genuine processing costs.
Cypriot solidarity concert as financial crisis bites
Tens of thousands of people on Monday attended a charity concert in the Cypriot capital Nicosia to raise funds and collect food for people suffering the fallout of a severe financial crisis.
02 April 2013 14:04
Venezuela move seen as currency devaluation
A Venezuelan government foreign currency auction for local importers has triggered a de facto currency devaluation, the second in less than 50 days.
01 April 2013 18:35
Cyprus will not quit the euro, vows president
President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.
Draconian controls as Cyprus banks set to reopen
Cypriots will finally get access to their bank accounts later on Thursday after a nearly two-week lockdown, but under tight restrictions unprecedented in the eurozone.
'Superhuman' efforts made to open Cyprus banks: governor
"Superhuman" efforts are being made to reopen banks in Cyprus on Thursday, as protests and uncertainty over the island's top lender showed a huge bailout has not ended its troubles.
27 March 2013 12:43
Cyprus banks to stay shut as world markets take fright
Cyprus reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's 10-billion-euro bailout deal with international creditors.
26 March 2013 15:20
Last-minute deal resurrects Cyprus bailout
EU and IMF officials struck a last-minute deal with Cyprus early Monday to resurrect a bailout for the island -- but one banking chain goes to the wall and major clients, who include many Russians, will take a giant hit.