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Banking

​‘Cyber Armageddon’? Worried NY Fed unveils infosec big hitters
The Federal Reserve Bank of New York has assembled a team of cybersecurity experts to protect the institution’s digital infrastructure in the face of concerns that a colossal hack could cause grave fiscal damage.

25.03.2015 15:47

China meets London: UK starts first yuan money-market fund
The UK has become the first country in Europe to open a yuan-denominated money market fund, cutting out the middle man for investing in China.

25.03.2015 15:08

China-led infrastructure bank - ‘indication of de-dollarization that makes US unhappy’
The US was forced to change its mind over cooperating with the China-led development bank after its allies refused to join a boycott, which is a sign that dollar hegemony is not lasting, Lew Rockwell, chairman of the Ludwig von Mises Institute told RT.

25.03.2015 10:13

Austria wants to be part of China-led infrastructure bank
Austria is looking to join the China-led Asian Infrastructure Investment Bank (AIIB), Xinhua news agency reported, citing a top official. It is the latest European nation to invest in the bank, which is seen as the future rival of the US-based World Bank.

24.03.2015 22:40

Support of China’s development bank is ‘gigantic concession’ by US
Washington and the World Bank have no choice but to co-operate with Beijing on the new China-led development bank. The US has changed its tune after first opposing its allies cozying up to China.

24.03.2015 12:19

​Deutsche Bank next up on Libor chopping block - reports
Germany’s largest bank, Deutsche Bank, is reportedly under investigation by New York State over its involvement in manipulating the Libor interest rate, in addition to a separate US Justice Department case.

24.03.2015 07:39

Spain austerity protest: ‘Things got worse than last year’
The situation in Spain is deteriorating as the money it got from Europe went to bailing out banks which continue to foreclose homes, but not help ordinary people, anti-austerity activist Clara Valverde told RT.

23.03.2015 12:04

Russia's 'junk' bonds paying off handsomely
Investment banks from Goldman Sachs to Bank of America, as well as Russia’s own VTB and Rosbank, are all bullish on Russian bonds. After a disastrous 2014 they may finally be heading for a revival.

23.03.2015 07:34

Ukrainian oligarch helps ‘fortify’ state oil & gas company HQ in Kiev ‘against raiders’
The governor of Ukraine’s Dnepropetrovsk region, Igor Kolomoysky, claims he has helped secure the Kiev HQ of the national oil and gas extracting company “from raiders”. It comes days after he tried to regain control of an oil transportation company.

22.03.2015 20:03

Switzerland, Luxembourg apply for China-led infrastructure bank
Despite negative noises from the US, Switzerland and Luxembourg have become the latest European nations to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB), the Chinese Finance Ministry announced.

21.03.2015 14:49

‘New gold fix may invite more players into market’
Following the replacement of the archaic practice of gold fixing with a more transparent system, skeptics who were put off entering the gold market are now changing their minds, John Butler, CIO at Amphora Capital told RT.

20.03.2015 14:57

Australia ponders ‘vote of confidence’ on joining China-led bank, Japan on fence
Australia has signaled its intention to become a member of the China-led Asian Infrastructure Investment Bank (AIIB) after the UK and EU major members’ decision to join. However, Japan is hesitating over its position.

20.03.2015 08:18