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
Cyprus bank workers to strike over pension fears Cyprus bank workers are to go on strike Thursday over fears pensions may be at risk under the country's crippling bailout, after the new finance minister vowed to do "whatever it takes" to right the economy.
China's Xi signs multi-million-dollar deals in Congo China's new President Xi Jinping on Friday signed deals worth several million dollars with his Congolese counterpart in sectors as varied as banking and infrastructure, on the final leg of his three-nation Africa tour.
01 April 2013
BRICS stumble in plan for bank to challenge West Leaders from the BRICS group of emerging powers on Wednesday failed to launch a much-anticipated new development bank to rival Western-dominated institutions like the World Bank.
'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
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.
Eurozone still ready to help Cyprus after vote Cypriot President Nicos Anastasiades' office said he "fully respects" the decision and that he had had a "constructive" phone call with Russian leader Vladimir Putin, amid reports Cyprus was seeking alternative financing.
20 March 2013
Citigroup to pay $700 million to settle suit US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.
Cyprus president in desperate bid to prevent run on banks Cypriot President Nicos Anastasiades will on Monday attempt to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings, amid fears of a run on accounts if he fails.
China Everbright to relaunch Hong Kong IPO plans China Everbright Bank, a mid-sized lender, said Wednesday it would relaunch plans to list shares in Hong Kong, after earlier aborted attempts at an overseas stock offer.
14 March 2013
US slaps sanctions on key N. Korea bank, officials The United States on Monday slapped sanctions on North Korea's primary foreign exchange bank and four senior officials, upping the pressure on Pyongyang to abandon its nuclear program.
Royal Bank of Scotland posts 2012 net loss of £5.971 billion State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.
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