European Banks' Debt Reduction Accelerating: More Than 1 Trillion Euros In Debt Shed In Q2
After five years of misery, European banks are getting back in shape by shedding trillions in assets.
Secret Flow Of Somali Piracy Ransoms: 179 Hijacked Ships Generated Some $400M In Payments Since 2005. So Where Has It All Gone?
The roughly $400 million in ransom taken in from 2005 to 2012 helped fuel the local economy -- and more terrorism.
Criminal Case Against Steve Cohen's SAC Capital Expected To End Today With Firm's Guilty Plea And Record Fine In The Billions
Steve Cohen has continued to avoid formal criminal charges as civil and criminal trials near conclusion.
The Banker Catcher: Head Of Tarp Gets Tough On Bankers And Send Dozens To Jail
Five years after the financial crisis, the head of TARP is doing her best to put bankers in jail.
JPMorgan Chase (JPM) Says US Justice Department Is Conducting Eight Separate Investigations Into Its Activities
After agreeing to deals involving fines of $18.1 billion in recent weeks, JPMorgan is now facing criminal investigations from the DOJ.
Barclays (BCS) Suspends Currency Traders After Internal Probe, UK's Financial Conduct Authority Investigation
British regulators are investigating Barclays, among other banks, on suspicion of tampering with global currency markets.
Secret Deals Between Russian Banks And Syria: Second-Tier Russian Banks Mull Undercutting US Bank Sanctions To Supply Food To Assad Government
To get around sanctions and gain access to global markets, Syria is cultivating relationships with small-time Russian banks.
Student Debt Is Destroying The Housing Market: Graduates Can't Afford Houses Because Of High Student Debt And Bad Credit Scores
Student debt, now more than $1 trillion combined, affects graduates' credit scores and ability to buy a home.
Banks Loans Haven't Recovered From The Financial Crisis And Current Lending Shows Slide Similar To Pre-Recession Data
Five years after the financial crisis banks are still not lending at the same levels they once did.
Libyan Central Bank Robbed As Armed Gunmen make Off With $55 Million
Libyan armed robbers make off with $55 million in cash as post-Gaddafi Libya struggles with armed gangs.
Morgan Stanley (MS) Will Seek Federal Reserve Approval To Buy Back More Of Its Shares To Boost Return On Equity: Report
America's second-largest investment bank wants permission to expand its current $500 million share buyback plan, which expires in March 2014.
Mizuho Financial Group (TOK: 8411) Did Make Loans To Yakuza Gang Members But Is Found Innocent Of Covering It Up
A Japanese bank has been cleared of covering up $2 million in loans to Yakuza members.
The Edward Snowden Of The Banking World: Herve Falciani Keeps One Eye Open While On The Run From The Swiss And Helping Europe Snag Tax Cheats
Five years ago the financial world was collapsing, but in one Geneva branch of HSBC, a banker was plotting a way to find Europe's tax cheats.
Is Jamie Dimon About To Lose His Job? Seven Things You Need To Know About JPMorgan's $13 Billion Mortgage Related Settlement With The U.S. Government
Everything you need to know about the biggest financial settlement in history: JPMorgan's $13 billion check to the U.S. government.
The $100 Billion Mistake: Bank Of America's (NYSE:BAC) near $50 Billion Contribution Moves American Banks Closer Towards The Milestone Mark For Payments And Fines
JPMorgan might be the poster child for bad bank behavior, but another big financial firm has paid out way more in fines.
J. P. Morgan's (NYSE:JPM) Madoff Nightmare Resurfaces As Criminal Investigators Said to Close In On The Beleaguered Bank
More than three years after Bernie Madoff went to jail, investigators mull a criminal case against JPMorgan.
Obamacare Penalties, Sign-up Period Delayed Until End Of March As Technical Glitches, Federal Exchange Issues Confuse Applicants
The Obama administration has extended the deadline to the end of March, but consumers need to sign up by mid-February to be insured by March 31.
Euro Zone Continues Slow Recovery As Spain Exits Recession, But What About Italy, Greece And Cyprus Who All Still Struggle?
Does Spain's emergence from recession mean its austerity gets the credit? Or did austerity delay the recovery?
JPMorgan's $13 Billion Fine Could Be Tax-Deductible. Exxon Mobil Did The Same After Valdez Oil Spill
As JPMorgan's fines start to mount, a tax loophole means that they could end up paying a lot less.
The Trouble With JPMorgan: BlackRock And Neuberger Berman To Get $5.75 Billion, Similar to Settlement With Bank of America
A bad month is due to get worse as JPMorgan, fresh from a $13 billion DOJ settlement, is facing an additional $5.75 billion blow.
Russia's Fight With Oil: Iran's Expected Return To The Global Oil Market May Hurt Russia's Revenue Stream
Russia relies on oil for 50 percent of its revenue, so what is it going to do when -- or if -- Iranian oil hits the market again?
The Cost Of Failure: Who Are The Most Overpaid CEOs On Wall Street?
A poor third quarter for Wall Street has renewed criticism of executive compensation. Who is the most overpaid?
Five Good Things J.P. Morgan's $13 Billion Fine Could Have Paid For Had The Bank Not Tried To Rip Off Their Customers
A $13 billion fine might be the "cost of doing business" for JPMorgan, but it's a crime when you think of how it could otherwise be spent.
Africa's Islamic Banking Revolution: Success Of Islamic Bonds (Sukuk) In Nigeria Could Lead To A Prosperous And Self-Sustaining Africa
Africa is on pace to have 400 million Muslims by 2030, so the need for effective Islamic banking services is crucial.
Wall Street Journal Prohibited From Naming LIBOR Defendants By UK Court
A U.K. court has ordered the Wall Street Journal to take down an online article that named defendants in the Libor case.
Brooklyn And Queens Boost New York Homes Sales Figures As Some Properties Record 136 Percent Increase In Year On Year Value
After years in a slump, NYC is seeing a huge increase in home prices fueled by big sales figures in two boroughs.
Pirates Are Back: 10 Incidents In 10 Days In Indian Ocean As 'Captain Phillips' Brings Issue To Screen
Seven years after pirate attacks hit the headlines off the coast of Somalia, they're back all over the Indian Ocean.
Five Reasons Why China Is Punishing America For Bringing The Country And The World To The Brink Of Financial Disaster
The United States has saved itself just in the nick of time, but China doesn't care, as it downgraded the U.S.'s financial rating.
National Debt: Tax Or Tithe It Away The International Monetary Fund Suggests
Five years after the global financial crisis, the IMF is suggesting states place a 10% tax on all households.
Goldman Sachs Group Inc (NYSE:GS) Earnings Preview: Profit Seen Slipping But Investment And Lending Business Remains A Driver
Goldman Sachs will post earnings on Thursday, and it likely made less this quarter than in Q3 2012 as bond markets were quiet.
