Guides & Analytics
UBS Said to Apply for Immunity in Libor Probe, Suspend Traders
UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives globally,…
SocGen Fourth-Quarter Net Drops 89% on Investment Bank Loss
Societe Generale SA, France’s second-largest bank, said fourth-quarter profit fell 89 percent as the investment bank posted its first loss in two years.
Barclays Starts U.K. Mobile Phones Service to Transfer Money
Barclays Plc, the U.K. bank led by Robert Diamond, today begins a service to enable its 11.9 million checking account customers to transfer money to one another…
Bank of Sharjah strengthens structure of its balance sheet and enhance its liquidity…
Bank of Sharjah managed to strengthen the structure of its balance sheet and enhance its liquidity position. Total assets reached Dhs20,934m as at December 31, 2011,…
Bernanke says recovery slow but small banks climbing back
The weak economic recovery has made it harder for banks to make money from loans but the financial conditions of smaller institutions appear to be solidifying,…
European parliament votes to create safe corridors in Syria
The European Parliament in Strasbourg on Thursday voted with majority to create safe corridors in Syria that would act as a shield for dissidents and defectors.
Moody’s may downgrade banks, including UBS, Morgan Stanley
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro…
Oil Fluctuates Near Five-Week High in New York, Reversing Decline of 0.9%
Oil was little changed in New York, reversing an early loss of 0.9 percent.