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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'.
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.
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.
Deutsche Bank's shares recovered some ground on reports it is considering buying back several billion euros of its debt.
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.
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.
Europe's largest lender, HSBC, has confirmed it is imposing a hiring and pay freeze across the bank globally in 2016.
Royal Bank of Scotland is trying to put its troubled past behind it by making a 3.6 billion pound provision to top up its pension fund and make amends for British and US mis-selling.
An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.
Deutsche Bank shares plummeted some ten percent after warning it would report a record loss for 2015.
The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in
The Italian government faces growing protests over the rescue of four banks which saw thousands of investors lose money. The Economy Minister Pier
A Bank of England stress test has singled out two British institutions – the Royal Bank of Scotland and Standard Chartered – for not having enough
Barclays has been fined 72 million pounds (103 million euros) for failing to run proper checks on rich clients to prevent financial crime. Britain’s
France will ask for a new EU directive on money laundering and terrorist financing to be pushed through at a swifter pace. At a press conference in
Britain has sold 13 billion pounds (18 billion euros) worth of loans once held by former mortgage lender Northern Rock, which was nationalised during
UniCredit has become the latest major European bank to announce a major overhaul as part of its strategic plan – involving some fairly major lob
The London-listed bank Standard Chartered is to shed 15,000 jobs by 2018 – the result of turbulence in Asian markets where it does most of its
Greek banks have until the end of the week (November 6) to explain how they are going to raise 14.4 billion euros in extra new capital – according to