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Economy

Norway surprises markets with interest rate cut

Norway’s central bank has cut its main interest rate and hinted at possible negative rates ahead to support a weakening economy. The Norwegian crown

Economy

Deutsche Banks ends Russian operations

Deutsche Bank has confirmed its closing part of its business in Russia as a result of sanctions and investigations into share trades. The German firm

Economy

Deutsche Bank could cut workforce by 25 percent

Deutsche Bank is considering shedding almost a quarter of its global workforce as it looks to honour pledges to cut costs and streamline its

Portugal

Novo Banco: more protests over lost assets

There have been more protests outside the offices of Portugal’s rescued bank, Novo Banco. Customers want savings lost when the bank was created from

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Portugal

BES: angry savers clamour for their cash in Portugal

Angry customers clamour to get their savings back from the collapsed Portuguese bank Espirito Santo. It is a battle of “Davids versus a Goliath”

United Kingdom

Former London banker jailed for 14 years in Libor scandal

A court in London has sentenced a former city trader to 14 years in prison for his part in rigging interbank interest rates, known as Libor

Portugal

Former head of collapsed Portuguese bank under house arrest

Ricardo Selgado is being investigated over allegations of forgery, breach of trust, tax evasion and money laundering

Greece

Greek banks reopen but frustrations and restrictions remain

Greek banks reopened on Monday after being closed for three weeks but many restrictions remain. The limit on cash withdrawals stays at sixty euros a

Greece

Greek government issues decree on banks' reopening

The Greek government has issued a decree ordering banks to reopen on Monday, three weeks after they were closed amid the country’s debt crisis. The

Economy

Greece: Banks to reopen on Monday as cash lifeline is announced

Greece’s banks will reopen on Monday, three weeks after they were closed amid the country’s debt crisis. But maximum withdrawals of just 60 euros a

Economy

Anxious time for Greek residents and businesses with banks still closed

Greek banks are still closed and limits on cash withdrawals remain in place

Economy

Greek people worry about their savings and their country's future

As emergency talks on Greece got underway in Brussels, pensioners in Athens wait in line for their 60 euro daily cash limit. But a shortage of 10

Greece

ECB keeps tight funding grip on Greece's banks

It is not the answer that Greece’s Central Bank wanted to hear. Its hopes of more financial support have been dashed after the European Central Bank

Greece

Greek finance minister accuses creditors of "terrorism"

Greece

Greek banks remain closed, as pensioners queue up to withdraw payouts

Greek pensioners lined up outside banks desperate to access their monthly payouts. With banks closed until after a referendum on bailout proposals

Greece

Greeks rush to withdraw cash ahead of week-long bank closures

Greece’s banks will be closed today until July 6 along with the stock market and there is to be a 60 euro daily limit on cash withdrawals. The

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