Banking

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Japan’s Second-Biggest Bank Punished over Loans to Organized Crime

The Mizuho Financial Group will face a significant shake-up of its management team in March, due to a...

Sales of Bank-Owned Properties Climb

Residential property sales for bank-owned properties increased for the third consecutive month in November.

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Goldman Sachs Dodges $40 Billion-Bullet

Wall Street stalwart Goldman Sachs narrowly escaped having an enormous chunk of its revenue curtailed by the Volcker...

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Volcker Rule Released Tuesday. Final Version Brings Disruption, Uncertainty to Bank Hedging.

The final version of The Volcker Rule, a requirement of the 2010 Dodd-Frank Wall Street Reform Law, will...

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$2.3 Billion in Fines for Euro-Rate Rigging

The European Commission (EC) handed down its largest fines ever, totaling $2.3 billion, for interest rate rigging.

British Finance Minister Asks for Broader BoE Powers

British Finance Minister Asks for Broader BoE Powers (Reuters) The Bank of England (BoE) has been asked by...

RBS Appoints Clifford Chance Law Firm to Probe its Lending Practices

Royal Bank of Scotland Group Plc (RBS) chose a law firm, Clifford Chance LLP, to investigate whether the...

Barclays: European Shares to Double in Five Years

The venerable Barclays Bank of England published a report claiming that European shares are “significantly underpriced” and could...

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One of China’s ‘Shadow-Banking’ Practices to End in 2014

Starting in 2014, Chinese banks will be required by the China Banking Regulatory Commission (CBRC) to disclose holdings...

J. P. Morgan’s Legacy under Attack

J. P. Morgan may be in his grave, but he's still coming under attack from the media.