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Banking

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US
The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

28.11.2014 04:07

Pensioners storm banks, sue president as economic blockade enforced on E.Ukraine
Kiev is enforcing an economic blockade on eastern Ukraine, where banks are closed and cash machines and credit cards aren’t working. Disrupted social payments to the elderly have become the most acute issue.

27.11.2014 05:46

‘Morally indefensible’: UK govt accused of 'cozy’ links with tax avoiding tech giants
The British government has been accused of being too close to international tech giants such as Google and Facebook, and has allowed them to avoid millions in corporation tax.

26.11.2014 14:35

US pressing Chinese and Arab banks to sanction Russia – head of VTB bank
The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia's second biggest lender VTB.

26.11.2014 12:56

Reform of Britain’s ‘toxic’ retail banking sector will take a generation – think tank
Radical reform of a crippled and “toxic culture” in high street banking will take a generation to accomplish, a financial services think tank warns.

26.11.2014 12:54

Goldman Sachs, HSBC, BASF sued in first US metals price manipulation case
Four major global firms are to appear in a New York court accused of manipulating platinum and palladium prices for eight years. The law suit is the first of its kind in US history.

26.11.2014 10:53

Forex rigging probe: US prosecutors to grill London traders
US prosecutors are set to travel to London in the forthcoming weeks to probe City traders about currency market manipulation. However, British prosecutors are yet to file a criminal charge against UK financiers who rigged the rates.

25.11.2014 12:34

​‘BRICS system’ – healthy alternative to ‘defunct dollar system’
The BRICS Bank marks a major step to de-dollarization, and a new monetary system. It should replace the Western-dominated “predatory casino scheme” that has contributed to world wars and “economic terrorism,” says former World Bank economist Peter Koenig.

24.11.2014 13:37

Police pepper sprays protest in Germany as activists storm new EU central bank HQ (PHOTOS, VIDEO)
German police used pepper spray and clashed with anti-EU protesters, who stormed and vandalized the new European Central Bank building, which is under construction now in central Frankfurt.

22.11.2014 19:05

​Russia-China trading settlements in yuan increases 800%
Settlements in yuan between China and Russia have increased ninefold in annual terms between January and September 2014, says the Chinese Ministry of Economic Development.

21.11.2014 13:57

Pittance payback: RBS 'compensates' furious customers, some get £1
​Scotland’s biggest bank is getting around to making amends for an IT crash in 2012 that left millions of its customers without access to their accounts for weeks. It will dish out $88 million (£56 million) to pay for its mistake.

21.11.2014 07:01

​EU is in serious trouble and it’s not Russia’s fault
Angela Merkel has criticized Vladimir Putin’s, apparent, strategy to spread Russia’s sphere of influence in Eastern Europe. The Chancellor doesn't acknowledge that Germany’s domination of Europe has been disastrous for some states.

20.11.2014 22:05