Monte dei Paschi di Siena, which was founded in 1472, is offering itself up to potential buyers after coming out worst in the European stress tests Monte dei Paschi di Siena, Italy’s third largest bank, is reported to have hired advisers to find a buyer for the bank, after the European Central Bank’s recent asset […]
ITALY’S central bank was thrown on the defensive on Sunday as its banking sector emerged as the standout loser in health checks aimed at restoring confidence in the euro area’s financial sector.
Bank of England demands fresh increase in reserves as 25 European lenders are poised to fail financial stress tests THE Bank of England will this week unveil tough new rules aimed at preventing future financial crises.
Reports say that at least 11 of the 130 banks being tested by the European Central Bank (ECB) will not stand up to the health checks THE eurozone’s unprecedented tests of its biggest banks’ financial health will fail at least 11 institutions – almost a tenth of the 130 banks being tested by the ECB.
THE founder of SheFighter, a company that trains women in Jordan in self-defence techniques, Lina Jalil Khalifeh, has won the first place in UNCTAD’s Empretec Women in Business Awards.
DEPOSITORS temporarily sitting on large balances following house sales and personal injury payouts are to have extra cover if their bank fails.
A senior banker from a leading British bank has become the first person in the UK to plead guilty to conspiracy to defraud in connection with manipulating Libor.
HACKERS, thought to be based in Southern Europe, accessed around a dozen JP Morgan servers and gained access to the names, addresses, telephone numbers and email addresses of swathes of its customers, the bank said.
THE three British banks accused of rigging the foreign exchange market are facing a total of about £14bn in fines to settle a welter of investigations into their conduct in the run-up to the financial crisis.
The shortage of retail experts on Tesco’s board gave cause for concern long before the black hole was discovered, writes James Quinn EVEN before last week’s stark admission that Tesco had overstated its accounts by £250m, questions had been circling around the make-up of its board.
