Banking
Sovereign Debt 5.8 Per Cent...
Many of Europe’s banks are ‘loading up’ on sovereign debt, according to recent data released by the European Central Bank. Public sector debt accounts for 5.8 per cent of European bank assets, f...
Banks Paid Out Over $100 Bil...
The banks responsible for the 2007 financial crisis have paid out over $100 billion in fines, according to a new report in the Financial Times. The fines were paid out for a variety of pre-crisis “m...
Chinese Banks Stack Banknote...
Chinese banks have fought back against rumours that they have run out of cash by posting banknotes in their windows. Several banks in the eastern Chinese city of Yancheng have stacked thousands of ban...
City of London ‘In Dangerâ...
According to leading fund managers, the City of London could lose its position as Europe’s most important financial centre if it continues to ‘hound’ top investment banks over staff bonuses. Pub...