The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.
Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading
Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, dies at 101.
U.S. stocks extend their post-U.S. election rise with moderate gains that push the Dow above 19,000 and the three major indexes to record closing levels for a second straight day.
The Federal Reserve’s second-in-command, vice chairman Stanley Fischer, warns against “inviting further trouble” by eliminating some of the so-called Dodd-Frank financial regulations. Jeanne Yurman reports. Continue reading
A Franco-Lebanese businessman tells a French news website he handed over three suitcases filled with cash from late Libyan leader Muammar Gaddafi to Nicolas Sarkozy and a senior aide to help finance his successful 2007 presidential campaign.
Global banks expect trading volumes and volatility to spike after the U.S. presidential election, so they’re boosting staff and taking precaution. Fred Katayama reports. Continue reading
PRESS RELEASE, (ProBASE) – ProBASE has been nominated for the 2016 Africa Fintech Awards. The winner of the award will be announced at the Finance Indaba to be held at the Sandton Convention Centre on October 13 in South Africa.
Millennials shun any kind of debt, especially credit cards, and their reluctance to pull out the plastic could have lasting repercussions for the financial system and the economy, according to an expert.
Panama Papers report alleges tax-free New Zealand shelf companies and trusts are being used to help channel funds around the world.