French President Francois Hollande said on Wednesday that he will again defend BNP Paribas bank against a huge fine for alleged sanctions busting, when he dines with US President Barack Obama later in the day. Hollande told journalists during a visit…
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Nigeria’s new central bank governor began work on Tuesday, starting a fresh chapter in Africa’s biggest economy after his predecessor’s tenure ended in scandal and claims of political connivance. Godwin Emefiele took over from Sanusi Lamido Sanusi,…
The Turkish central bank seemed close to being caught in cross-fire over its independence and interest rates on Wednesday when the finance minister came to its defence despite criticism from the prime minister. Last week the central bank, which had…
Scandal-hit Barclays has been fined more than £26 million pounds after a former trader at the bank was accused of trying to manipulate the price of gold, Britain’s financial regulator said on Friday. The Financial Conduct Authority said in a statement…
Shareholders of state-rescued Royal Bank of Scotland will not get to vote on allowing its bankers to earn an EU bonus cap of twice their salary, the government said Friday. UKFI, the body that manages the government’s 81-percent stake in the lender,…
A New York regulator probing Credit Suisse’s role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation said Tuesday. Benjamin Lawsky, New York’s superintendent of financial services…
Scores of Islamist gunmen attacked a police station, a court and a bank in northern Nigeria on Wednesday, killing seven officers and a civilian, a police chief told AFP. The raid in the town of Gwaram in Jigawa state began at 1:00 am (0000 GMT) and…
Turkish Premier Recep Tayyip Erdogan called Friday on the central bank to cut interest rates in order to stimulate the economy as political instability saps momentum. “The central bank should hold an extraordinary meeting to cut (rates) … just as…
A Nigerian court on Thursday said intelligence agents broke the law when they seized the passport of ousted central bank governor Lamido Sanusi and ordered the government to pay damages and publicly apologise. Sanusi was suspended on February 20, less…
Vatican police on Saturday apprehended an American and a Dutch man who were trying to deposit billions of euros and US dollars in fake bonds in the Vatican bank. The men were stopped by the police when they approached one of the guarded gates at the…