* Chan Ming Fon to appear in court on Friday * U.S. authorities say Chan paid $10 million for role in fraud ...
* Banks seizing ships from defaulting owners * Banks putting in ship operators to avoid selling at loss * Shipping marke...
What if Facebook's all-male Board of Directors had chosen a female investment banker to head up their ill-fated IPO? What if the "London Whale" or his male boss had been a woman? What if Enron's bad boys had been girls?
* Lawyer alleges manipulation of taped interview of Kerviel * Says 6 out of 12 hours of total interview time were cut * ...
The European Central Bank's generous lending to banks is not boosting liquidity in the European economy as much as intended, according to a leading Fr...
The half a trillion euros the European Central Bank pumped into the financial system buys hard-hit banks valuable time but will not in itself prot...
Ratings agency Moody's downgraded the debt of BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA), and Credit Agricole (CAGR.PA) on Friday, citing d...
Listen up! I have just finished reading the brilliant, fast-paced How To Be A Rogue Trader in global finance by the prize-winning Associate Editor of the Financial Times, John Gapper and hereby recommend it as required reading, ASAP.
(Natsuko Waki) - World stocks and the euro rose on Monday while top-rated government bonds and the dollar fell after German and French leaders pro...
(Mike Dolan) - You know it's grim when the prevailing debate among economists and historians is whether the world economy faces the "Great" depres...
Depending on how you look at it, U.S. banks could lose as much as $1 trillion dollars if the current money troubles in Europe were to lead to a full b...
PARIS -- Moody's downgraded the credit ratings of French banks Societe Generale and Credit Agricole on Wednesday following a period of huge volatility...
Remember the collapse of Lehman Brothers? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is t...
PARIS — The French government was put under further pressure to cut deeper into spending after figures Friday showed growth in Europe's second b...
PARIS — France, Italy, Spain and Belgium are banning short-selling on select stocks amid efforts to calm market turmoil that has sent bank share...
LONDON/FRANKFURT (Steve Slater and Arno Schuetze) - Europe's banks may need to raise over 50 billion euros ($71.6 Billion) after regulators slappe...
NEW YORK - The pace of growth in the services sector picked up modestly in May while gauges of new orders and employment climbed, according to an ...
LONDON -- A British lobbying group has released a leaked document showing that several major investment banks, including HSBC, Goldman Sachs, Societe ...
TOKYO (Leika Kihara) - Standard and Poor's threatened to cut Japan's sovereign credit rating again, warning the huge cost of last month's devasta...
NEW YORK (Steven C. Johnson) - Growth in the vast U.S. services sector slowed last month and price pressures eased slightly, according to an indus...
PARIS — Ex-trader Jerome Kerviel was convicted on all counts Tuesday in history's biggest rogue trading scandal, sentenced to at least three yea...
PARIS — Ex-trader Jerome Kerviel, speaking for the first time Wednesday about his tough sentencing in history's biggest rogue trading scandal, i...
Fake Madoff profits, it turns out, are not covered by AIG insurance policies. AIG does not need to compensate two former Bernard Madoff clients who...
WASHINGTON — The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than o...
PARIS — Jerome Kerviel says he's living the simple life these days. The former French trader accused of gambling away billions of his bank's mon...
