Eurozone bank stress tests set for 2016: Report

Europe's banking supervisory board will carry out stress tests of big eurozone banks in 2016, according to an interview with the watchdog's president Daniele Nouy released on Sunday.

Republicans use 'death by a thousand cuts' strategy to deregulate Wall Street

For the second time in two weeks, House Republicans brought up a package of 11 bills designed to deregulate Wall Street and water down Dodd-Frank financial reforms. This time, they had the votes to pass it.

Is the financial crisis in US, over and already forgotten?

Michael S. Barr, a law professor at the University of Michigan who was an assistant Treasury secretary when the financial crisis was at its worst, is working on a book titled "Five Ways the Financial System Will Fail Next Time."

Federal Home Loan Banks' Financial Strength Continues to Lend Stability to U.S. Banking System

WASHINGTON, DC,, Feb. 21, 2014 (GLOBE NEWSWIRE) -- The Federal Home Loan Banks (FHLBanks) today reported strong profits in their preliminary unaudited year-end 2013 combined operating highlights.

Insight: U.S. early warning system for financial crises gets low marks

WASHINGTON (Reuters) - In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis.

Fed to Test Banks for Interest Rate Rise, Housing Collapse

The Federal Reserve said it will examine how the biggest banks might react to a jump in long-term interest rates and another housing crash as it released the next round of stress-test scenarios designed to monitor the ability of the U.S. financial system to withstand economic shocks.

Regulators contact more banks over currency market manipulation

A global investigation into allegations of manipulation in the £3tn-a-day currency markets appeared to be deepening with more banks admitting they were co-operating with regulators and Barclays suspending six of its traders.

Prudential Financial designated 'too big to fail'

US regulators on Friday named insurer Prudential Financial to its list of "too-big-to-fail" institutions, the third non-bank placed under a tighter regulatory regime to reduce risks to the financial system.

Bank of Scotland's fined for repeated fax blunder

LONDON: Bank of Scotland has been fined 75,000 pounds after repeatedly faxing customers' account details and payslips to wrong recipients for three years.

G8 countries agree to tackle tax evasion

The west's leading industrial countries have agreed a set of core principles designed to combat tax evasion and reveal the true owners of shadowy companies.

Cyprus reports sharp cut in size of banking sector

NICOSIA/CYPRUS: A draft bailout document between Cyprus and its international creditors shows that the size of the country's banking sector has been sharply reduced since the country's rescue package was agreed last month.

Banking union a priority for Lew in Europe

BRUSSELS (Reuters) - Europe's economic weakness and financial turmoil affect the U.S. economy, U.S. Treasury Secretary Jack Lew told EU leaders on Monday, stressing the need to boost demand and move ahead with a euro zone banking union.

IMF Reaches Staff-Level Agreement with Samoa on Economic Recovery Program to be Supported under Rapid Credit Facility

A staff team from the International Monetary Fund (IMF) led by Yongzheng Yang visited Apia during March 13-22 to hold discussions on the recovery plans in the aftermath of the tropical cyclone Evan that caused many deaths and extensive damage to the country’s infrastructure and productive capacity.

Singapore c.bank seeks to rein in credit card borrowing

SINGAPORE, Dec 21 (Reuters) - Singapore's central bank has proposed changes to rules regarding the issue of credit cards and unsecured loans to individuals, in a bid to prevent those with credit problems from taking on more debt.

European Commission Approves Bailout of Four Spanish Banks

The European Commission on Wednesday approved a payment of €37 billion, or $48 billion, from the euro zone bailout fund to four Spanish banks on the condition that they lay off thousands of employees and close offices as part of their restructuring.

ECB ready for bond purchases if conditions met: Coeure

HONG KONG: The European Central Bank is ready to buy sovereign bonds of euro zone countries that require assistance and agree to fiscal adjustment programmes, European Central Bank Executive Board member Benoit Coeure said on Wednesday.