Financial Service News

Pressure on the European Central Bank to do more to prevent prices from falling in the 18-country eurozone ratcheted up Monday after figures showed inflation across the region unexpectedly fell in February to its lowest level since October.

The Royal Bank of Scotland 's Alan Grogan has called for industry or government to create a 'UK financial services cloud' to ensure that banks can benefit from the cloud's advantages, while making it easier to mitigate the risks associated with it.

Alibaba Group Holding Ltd. kicked off the process for what may be the biggest U.S. initial public offering in two years after struggling to persuade Hong Kong regulators to approve its proposed governance structure.

Despite aggressive opposition from Canada and to a lesser degree Norway, the EU's ban on seal products was upheld late last year by the World Trade Organization .

Under fire: Credit Suisse and Bank of America are among the banks sued by FDIC. Others include JPMorgan Chase, HSBC, Barclays, Rabobank, UBS, Royal Bank of Scotland, Deutsche Bank AG, Lloyds Banking Group plc and Societe Generale SA.

A hearing of Ottawa's appeal of a World Trade Organization ruling that upheld the European Union's ban on imported seal products is set to begin Monday.

There's nothing worse than telling someone with good intentions about saving that their handful of hard-earned money is too puny to interest you.

The final phase of demolition at Detroit's old Brewster-Douglass housing project just north of downtown is in full swing on Thursday.

Carlyle Group named Dan Akerson, who stepped down as CEO of General Motors in January, to the role of vice chairman of the board of directors and special adviser.

In a valley that values the next big thing above all else, places like Birk's are rare.

China avoided prolonged economic pain during and after the recession because, unlike the U.S., its government enacted a "bold and powerful" stimulus package, two researchers argue in a new paper from the Federal Reserve Bank of St. Louis .

Former SAC Capital Advisors analyst Ron Dennis settled a lawsuit brought by the U.S. Securities and Exchange Commission accusing him of involvement in an insider-trading scheme that included Michael Steinberg , a former SAC manager convicted in December.

Bradford singer Georgia Harrup is hoping to make it through the knock-out round in BBC's The Voice this evening.

Trinseo SA, a plastics maker backed by Bain Capital, filed again with U.S. regulators to raise up to $200 million in an initial public offering of common stock.

The Federal Deposit Insurance Corp sued 16 of the world's largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate.

Chinese social media company Weibo Corp. has filed plans for a potential initial public offering of its shares in the U.S. Weibo was launched four years ago by parent company Sina as a microblogging service.

The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.

KAMPALA. The financial services industry needs to strengthen its risk management systems and controls as they rollout innovative products to ensure business sustainability and boost customer confidence in the industry.

Lloyds Banking Group codenamed Co-op Bank as "Ferrari" during its talks to sell it more than 600 branches, before the mutual's bid came to a sputtering halt last year, the bank's minutes showed.

As a filmmaker and activist based in San Francisco, I am suing Wells Fargo Bank, which assumed the predatory loan on my family home that traveled a slippery slope from Countrywide to World Savings Bank to Wachovia, all of which went out of business due to dubious, immoral and illegal activity.