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Greece

Greeks protest over lender austerity demands

Thousands have taken part in rallies in central Athens following the government’s announcement that it’s closing the banks and imposing capital

Zimbabwe

Zimbabwe exchanges 250,000,000,000,000 local dollars for US$1

World News

HSBC to axe up to 25,000 jobs

HSBC announces up to 25,000 jobs are to be cut worldwide, including 8,000 in the UK. Businesses in Brazil and Turkey are expected to be axed.

Germany

Deutsche Bank co-chiefs to step down

The co-chiefs of of Deutsche Bank are to step down. Anshu Jain and Juergen Fitschen had been under pressure from investors to do so after a series of

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My Europe Series

Have you been 'skimmed'? - credit card fraud explained

Albina, from Geneva, asks what ‘skimming’ is and how she can protect herself from it. Laurence Binther, of Europol’s European Cybercrime centre

Switzerland

HSBC to pay 38 million euros to settle Swiss money-laundering probe

HSBC has agreed to pay Geneva authorities some 38 million euros to settle a money laundering investigation at its Swiss private bank, Geneva’s

Business Series

Forex manipulation further undermines trust in international banking

A new scandal undermining the reputation of international banking has been added to a long list of previous cases. Under the spotlight this time is a

USA

Five global banks to pay €5 billion for rate rigging

Five of the world’s biggest banks have been fined over 5 billion euros. Four of the banks: Citigroup, JP Morgan Chase, Royal Bank of Scotland and

Business Series

World spotlight on Asian Infrastructure Investment Bank

The new Asian Infrastructure Investment Bank is attracting the world’s attention. In its efforts to gain more economic clout, China has attracted 57

Business Series

Global gold price setting arrives in the 21st century

A new era of gold pricing and Kuwait’s budgetary concerns are the issues in this edition of Business Middle East. Better late than never, the gold

Switzerland

HSBC bank executives apologise for "unacceptable events"

The CEO of scandal-hit bank HSBC has apologised for failings in the operation of its Swiss private branch that allegedly helped clients avoid tax

My Europe Series

What you need to know about opening a bank account abroad

The challenges of opening a bank account in another country are explored in this edition of Utalk. The question comes from Alexandra in Prague: “

My Europe Series

Businesses struggle to adapt to strong Swiss franc

When the Swiss central bank stopped its currency peg against the euro, the price of Swiss goods and holidays spiked sharply for eurozone visitors.

Business Series

BoE uncertainty on inflation unsettles world and MENA markets

World News

Carbanak cyber criminals rob millions from banks worldwide

A leading internet security company has renewed its warning that cyber criminals are plundering nearly a billion euros from banks around the world

United Kingdom

HSBC banking giant defends itself amid public outcry at tax evasion scandal

UK-based HSBC says it has radically transformed its practices in recent years amid accusations its Swiss subsidiary helped wealthy customers dodge tax

Business Series

Central Bank Interventions: A step back or forward?

The new season of Business Middle East looks at the world’s most important economic events as they affect the Middle East, with central banks in focus

Business Series

A long 2015 wish list after a difficult 2014

For many financial markets 2014 was a difficult year, but there are some positive elements moving forward, and a long wish list for the upcoming

Portugal

Former BES boss blames Lisbon government for bank failure

The former head of Portugal’s failed BES bank has claimed its collapse could have been avoided. During a much anticipated appearance before a

Focus

Young Africans demand a better future