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Banking

Ecuador set to create state-backed digital currency... to ditch dollar?
Ecuador is planning to create the world’s first digital currency issued by the country’s central bank, in what is seen by many as a step to abandon the US dollar, the currency now used by the Central American country.

30.08.2014 16:49

​Black arts of banking: The higher rate dilemma
Transatlantic central bankers in the UK and US are arguing about higher interest rates.

28.08.2014 13:43

Purr-fect mortgage: Top Russian bank offers feline bonus to new homeowners (VIDEO)
Russia’s largest lender, Sberbank, is giving a housewarming cat to new homeowners who sign up for the bank’s new special mortgage program.

28.08.2014 10:08

Business leaders cast doubt on Scottish independence in open letter
​More than 100 business leaders have voiced their skepticism over Scottish independence, arguing a clear case has yet to be made. The heads of UK’s largest businesses said the outcome of the September 18 referendum will affect generations to come.

27.08.2014 07:34

Argentina accuses US judge of being ‘imperialist’ after debt plan ruling
The Argentine cabinet chief, Jorge Capitanich, accused a US judge who ruled that Buenos Aires’s debt restructuring plan is illegal of having an ‘imperialist’ attitude after he backed hedge funds that refuse to take reduced returns on Argentinian bonds.

22.08.2014 18:58

2 Swiss banks to end 200-yr secrecy and publish financials
Two Geneva-based banks that have kept their finance sheets shrouded in secrecy since 1796 will publish their earnings amid pressure from abroad.

22.08.2014 14:15

Banksters win again: BoA settlement with US govt allows Wall St fraudsters to 'act with impunity,' critics say
While the US government touted its “record” settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another slap on the wrist for an offending Wall Street titan.

22.08.2014 15:37

Nobel prize winners: Eurozone recovery is 'dismal failure'
“Stunningly destructive” and “dismal failure” is how Nobel laureates describe growth in the European Union after destructive austerity policies and the euro crisis.

22.08.2014 10:29

​HSBC boss warns big business may ditch independent Scotland
Big banks may leave Scotland if it chooses to become an independent state, the chairman of HSBC has said, warning that ‘capital flight’ could cripple the country’s economy.

22.08.2014 13:10

Bank of America agrees to record $17bn settlement over mortgage fraud
America’s second largest lender has reached a $16.65 billion settlement with US federal authorities for selling toxic mortgages misleading investors, the Justice Department said Thursday.

20.08.2014 18:37

Wall Street banks ‘may desert UK for Ireland’ if Britain leaves EU
Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said. This is despite a Forbes report that names London the world’s ‘most influential city’.

19.08.2014 11:56

European recovery is a sweet fairy tale
Recent EU data shows the economy is increasingly dead on arrival despite repeated claims from Brussels that recovery is at hand.

18.08.2014 10:03

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