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Economy

HSBC and Credit Suisse denied helping clients cheat on tax

Two of the biggest banks at the centre of the Panama Papers revelations have rejected claims they were actively using offshore accounts to help

Economy

Cyprus starts working week out of bailout

Cyprus has kicked off the working week standing on its own two feet. Its EU bailout has officially finished, as it bounces back from financial

Real Economy

Microfinance: lending small, thinking big

This week, Real Economy is looking at the world of microfinance in a European market that tends to be dominated by traditional banks. We take a look

Business Series

No end in sight for losses at Britain's Co-operative Bank

Losses at Britain's Co-operative Bank nearly doubled last year and the chief executive warns it will remain unprofitable for the next two years though he is making progress with a turnaround plan.

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Economy

Eurozone lending picks up in February

Lending growth to eurozone companies and households rose at its fastest rate since late 2011 in February, but the economic recovery remains sluggish and uneven.

Economy

ECB government bond purchase warning

Analysts say the European Central Bank could end up owning as much as a quarter of all eurozone government bonds which risks distorting the market.

Business Series

Credit Suisse CEO Tidjane Thiam was paid 18.9 million Swiss francs last year

One day after Credit Suisse said it is accelerating its cost-cutting plan and will cut a further 2,000 jobs, we learned what Chief Executive Tidjane Thiam is being paid.

Economy

Bangladesh central bank boss resigns over cyber heist, money hunt continues

Bangladesh's central bank governor has resigned over the theft by hackers of $81 million (73 million euros) as investigators try to track where that money went.

Economy

Bangladesh cyber bank heist blame game underway

The blame game is underway in Bangladesh after computer hackers stole the equivalent of 73 million euros from the central bank and nearly got away with 10 times as much

Business Series

Barclays quits Africa as profit falls

Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.

Argentina

Argentina strikes deal with US 'holdout' creditors

Argentina agrees in principle to a deal with US hedge funds ending a 15-year-old dispute over repayment of billions of dollars worth of bonds.

Business Series

Royal Bank of Scotland reports eighth year of losses

Royal Bank of Scotland was in the red again for 2015 as it set aside billions to pay for past misconduct and spent heavily on restructuring.

26 February 2016

Business Series

HSBC post unexpected quarterly loss, confirms 'princeling' probe

HSBC confirms it's part of US regulators probe into hiring of people tied to Asian government officials, announces lower than expected profit, warns of "bumpier financial environment" from China slowd

22 February 2016

Economy

Financial world ponders impact of a 'Brexit'

As Britain's future membership of the European Union hangs in the balance the financial world is looking on nervously with banking and business leaders concerned about the impact a 'Brexit'.

19 February 2016

Economy

European Central Bank's Draghi bullish on banks and stimulus

European Central Bank head Mario Draghi has been talking up the eurozone's banks, confirmed the ECB is ready for more stimulus measures and said the ECB is considering ditching the 500 euro note.

15 February 2016

Business Series

London beats Hong Kong to keep HSBC headquarters

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

15 February 2016

Business Series

Deutsche Bank's shares get boost from bond buyback reports

Deutsche Bank's shares recovered some ground on reports it is considering buying back several billion euros of its debt.

10 February 2016

Business Series

Credit Suisse write-offs hit profit, drag down shares

Credit Suisse has reported its first full-year loss since 2008 due to big write-offs at its investment banking business, sending its share price tumbling.

4 February 2016

Vatican

"The Devil's Job": ex-Vatican Bank chief Tedeschi on finance and morality

Italian economist and banker Ettore Gotti Tedeschi was president of the Vatican’s Bank at a time of turmoil from 2009 to 2012. Amid a

4 February 2016

Economy

SWIFT return to international bank transfers for Iran's banks

Iranian financial institutions are back in the global banking business, now able to use the "worldwide transaction network SWIFT for moving money and letters of credit.

1 February 2016