News
DAVID Cameron has issued his bluntest warning yet to Greece that voters need to "meet their commitments" as a member of the eurozone in elections next month or leave the currency union....Speaking at...
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI)...Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. ...With he...
INNOVATION TALK: 'ECONOMIC PROGRESS, in capitalistic society, means turmoil,' stated the Austrian-Hungarian economist Joseph Schumpeter in his Capitalism, Socialism and Democracy, first published in 1...
May 21--Declining trust in government institutions and critical elections in places such as China, Mexico, Venezuela and the United States are expected to keep financial markets on edge. ...But intern...
The International Monetary Fund (IMF) has said that refinancing the debts of the UAE's government-related entities (GREs) remains a challenge made more difficult as European banks trim their activitie...
Last week, the once-future Treasury secretary and current JPMorgan Chase chief executive Jamie Dimon revealed a $2 billion loss. ...This previously undisclosed derivative trade should be a wake-up cal...
Jamie Dimon was right about one thing: The embarrassing $3-billion-and-counting trading loss at JPMorgan Chase has played right into the hands of pundits who think Wall Street needs to be put on a sho...
John Boehner thinks it's kind of funny. ...The bludgeon Boehner wields is his threat to revive the default standoff of last summer, a showdown that shattered consumer confidence and helped stall the e...
May 20--Europe's financial union looks like it could unravel. ...JPMorgan Chase's mammoth loss from risky securities trades adds to investor uncertainty and raises questions about how the government r...
Text of report by Italian leading privately-owned centre-right newspaper Corriere della Sera, on 19 May...It would not be the first time Europe has rediscovered its pride just as time seemed to be run...
OPINION: Greece needs a game changer, not tinkering around the edges...ONE WAY or the other, the approach of European policymakers to the Greek crisis is going to have to change radically over the nex...
Daniel Tarullo, the Federal Reserve's point man on overhauling the financial system, has emerged as the most powerful figure wrestling with the nation's biggest banks to make them take fewer risks tha...
U.S. President Barack Obama said Saturday Congress should fully implement his Wall Street reforms and blamed Republicans for trying to dismantle them....Not only did that behavior nearly destroy the f...
J.P. Morgan's $2 billion loss from betting on corporate bonds will embolden advocates of the Volcker Rule -- a provision of the 2010 Dodd-Frank law that will prohibit banks from trading on their own a...
MADRID - Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe's economy remains after an eviscerating austerity regime that has spawned unemployment, de...
WASHINGTON - The leaders of eight of the world's biggest economies meet this weekend outside Washington, seeking to keep Europe's debt crisis from spiraling out of control and jeopardizing fledgling r...
THE G-8 summit that will convene in the presidential retreat at Camp David, Maryland tonight and tomorrow is widely described as a euro crisis summit. ...Though other issues on the agenda include food...
ECONOMICS: REGULATION HAS been a boom area of public policy throughout much of the industrialised world over the last four decades....It was the government of Ronald Reagan which initially acted on th...
THE WORLD'S 29 largest global banks will need to raise an additional [euro]444.6 billion ($566bn) in new capital or shed about $5.5 trillion in assets by 2018 to meet the new tougher Basel III bank ca...
Spiraling inflation. That much Greece can count on - at least initially - if its political paralysis continues and it leaves the euro....A Greek departure from the euro would, officials and analysts f...
May 18--Queensborough National Bank & Trust has decided to wait to repurchase stock sold to the government in the Troubled Asset Relief Program's Capital Purchase Program to further strengthen its cap...
WASHINGTON - The leaders of eight of the world's biggest economies meet this weekend outside Washington, seeking to keep Europe's debt crisis from spiraling out of control and jeopardizing fledgling r...
In ancient Greece, the gods could smite you in any number of ways. ...Currently, the euro is smiting Greece -- more properly, the rules for remaining in euroland are smiting the country, and there's a...
Bonds issued by Uncle Sam are once again risk-averse investors' best friend....Investors looking for a safe place to stash cash and a way to sidestep Europe's deepening debt crisis are dumping risky a...
WASHINGTON - It's a teachable moment, but what's the right lesson? ...Already, the $2 billion-plus trading debacle at JPMorgan Chase has inspired a powerful storyline. ...Government regulations and re...
LONDON - British Prime Minister David Cameron on Thursday urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up."..."Eit...
Q What is 'facilities management' and how can it help my business? ...Facilities management is the Amanagement of your prop -erty related assets, ensuring that they are aligned to and support your com...
Big banks are expected to use a larger portion of profits for employee bonuses this year, despite extensive job cuts and a recent outcry from shareholders about excessive pay, according to a survey of...
The $2 billion debacle at JPMorgan Chase is empowering Democrats to strut in front of microphones, a bit smug, and proclaim, "Told ya so."...Advocates of the so-called Volcker Rule could not have put...
Gregor Watt reports on the market turmoil from the Greek deadlock after the country's general election but says fund managers are looking ahead of the crisis and see a glittering chance for intrepid i...
The FSA has fined Swiss bank Habib Bank AG Zurich Pounds 525,000 and its former money-laund- ering reporting officer Syed Itrat Hussain Pounds 17,500 for failures in setting up adequate anti- money-la...
The reining in of bank lending over the last few years has led to some interesting opportunities in unexpected areas. ...Starved of capital for expansion, smaller mining companies are looking elsewher...
Text of report by the website of Russian business newspaper Vedomosti on 15 May...Aleksey Navalnyy's Fund for Combating Corruption has possibly found a new source of money. ...To ensure that business...
MADRID - Confidence in Spain's banking sector was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a bank that was recently nationalized.......
WASHINGTON - Fitch Ratings said Thursday that the world's 29 biggest banks together may have to raise $566 billion by the end of 2018 to meet new international requirements for holding cushions agains...
SIR Mervyn King and David Cameron led an attack on a lack of progress in tackling the eurozone crisis as the region's problems threatened to hamper UK growth. ...The Bank of England governor said the...
A U.S. Senate panel Thursday invited JPMorgan Chase chief Jamie Dimon to testify about the bank's more than $2 billion investment blunder....The Senate Banking Committee this week announced it would h...
WASHINGTON - JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss....Sen. Tim Johnson, a South Dakota Democrat who heads th...
WASHINGTON -- The Senate Banking Committee on Thursday summoned JPMorgan Chase CEO Jamie Dimon to testify under oath about the huge losses his company suffered on an investment strategy that sank JPMo...
LONDON - British Prime Minister David Cameron on Thursday urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up."...Came...
Text of report in English by state-run Vietnamese news agency VNA website...Hanoi, 16 May: An international conference on public debt management took place in Hanoi on 16 May....Jointly held by Vietna...
Big banks are expected to use a larger portion of profits for employee bonuses this year, despite extensive job cuts and a recent outcry from shareholders about excessive pay, according to a survey of...
May 17--WASHINGTON -- An Atlanta developer and a Coweta County-based Congressman lashed out Wednesday against a program to buy up failed bank assets from the federal government. ...They also said the...
THE TAOISEACH said there would be an "intensive follow up'' to the meeting the two Ministers in the Department of Finance had with the European Investment Bank (EIB) on Tuesday....Enda Kenny said the...
THE EUROPEAN Central Bank said it would temporarily stop lending to some Greek banks to limit its risk as president Mario Draghi signalled the ECB would not compromise on key principles to keep Greece...
THE EURO ZONE is "tearing itself apart without any obvious solution" emerging for the problems in the single currency, the governor of the Bank of England, Mervyn King, has said, as he warned that the...
"As a group," the economist Robert Lekachman wrote in 1976, "economists are slightly more entertaining than bankers and a trifle duller than lawyers." ...Which, I suspect, may be one reason JPMorgan C...
Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate....Minutes of the central bank's April 24-25 meeting released Wednesday sta...
The following editorial appeared in the St. Louis Post-Dispatch on Sunday, May 13:...For the vast majority of Americans -- 99 percent, to borrow a phrase -- banking is commercial and relatively simple...
May 16--Could misdirection over the meaning of a simple, five-letter word -- hedge -- be at the heart of the roiling controversy over JPMorgan Chase's embarrassing $2 billion loss in European trading?...