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USA

Billionaire philanthropist David Rockefeller dies at 101

Billionaire philanthropist David Rockefeller has died at the age of 101.

Markets

Deutsche Bank: share sale details cause price slump

Shares of Germany's biggest banks fell sharply in value after it announced details of the sale of new shares needed to increase its capital reserves.

Economy

Federal Reserve raises benchmark interest rate to 1.0 percent

The US Federal Reserve raised interest rates for the second time in three months, a move spurred by steady economic growth and strong job gains.

Business Series

HSBC names AIA's Mark Tucker as new chairman

Experienced Asia hand Mark Tucker is to take over as chairman of HSBC at the start of October replacing Douglas Flint.

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Economy

European Central Bank defends continued eurozone stimulus

European Central Bank pledges to keep its aggressive stimulus policy for now but signals less need to prop up eurozone growth and inflation.

Business Series

Deutsche Bank seeking eight billion euros from new share sale

The past troubles at Germany's biggest bank mean it is asking investors to buy an additional eight billion euros worth of new shares.

Business Series

Royal Bank of Scotland makes a loss for ninth straight year

Royal Bank of Scotland - the subject of the world's biggest bank rescue - has announced losses of 6.96 billion pounds (8.2 billion euros) for 2016.

Business Series

HSBC's profits plunge dragging down share price

Europe's biggest bank HSBC saw annual pre-tax profit slump 62 percent with hefty writedowns and warned its revenues could fall again this year.

Business Series

Credit Suisse announces big losses, more job cuts

Credit Suisse says its 2016 losses were 2.44 billion Swiss francs, it plans to cut up to 6,500 more jobs this year.

Markets

Italy's UniCredit selling 13 billion euros of new shares

Italy's biggest bank UniCredit is selling 13 billion euros of new shares to rebuild its capital reserves following writedowns on bad loans.

Economy

ECB's Draghi warns against US relaxing bank rules

European Central Bank head Mario Draghi has called the US administration's idea of relaxing bank rules "very worrisome".

Economy

Trump to weaken banking rules

President Donald Trump has started the effort to roll back the US laws brought in to regulate banks after the 2008 financial crisis.

Economy

UK central bank raises growth outlook

Bank of England raises forecast for UK economic growth this year, in no hurry to put up interest rates, sees inflation at 2.8 percent in early 2018.

Business Series

Deutsche Bank: the worst is behind us

Crisis-plagued Deutsche Bank is insisting the worse of its troubles are behind it even as it announced a Q4 loss of 1.9 billion euros.

Business Series

Deutsche Bank fined over Russian money laundering

Deutsche Bank failed to prevent around $10 billion (9.29 billion euros) in suspicious trades out of Russia between 2011 and 2015.

Real Economy

Is Europe in the mood to invest in itself?

This edition of Real Economy, from the European Investment Bank in Luxembourg, looks at the kind of investments Europe needs.

Business Series

RBS prepares to pay for 'painful' sub-prime legacy

Royal Bank of Scotland sets aside 3.1 billion pounds (3.6 billion euros) to settle claims by the US Department of Justice over mis-sold investments.

Economy

Hack attacks prompt possible cyber stress tests for banks

The European Union is reportedly considering testing the defences of the region's banks against cyber attacks to help step up their security.

Business Series

HSBC to move 1,000 staff from London to Paris after Brexit

HSBC, Europe's biggest bank, plans to shift around 1,000 workers, who generate around 20 percent of its trading revenue to Paris, post-Brexit.

USA

Deutsche Bank reach multi-billion dollar settlement with DoJ

Deutsche Bank, one of the biggest banks in the world, have reached an agreement with the US Justice Department over its sale of toxic mortgages in the run up to the 2008…