European banks are having a hard time making money. The 12 largest lenders earned 18¢ on average for every $100 in assets last year, while their six biggest...
Unintended consequences of monetary policies stoke fears about lenders’ profitability.
Foreign banks in Russia, where sanctions have crippled deal-making, face a prolonged slump after the latest U.S. warning on sanctions.
Here’s another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine. The “cardless” automatic teller machine...
Squeezed by lower returns and more oversight, Wall Street titans are in a jam
The U.K.’s looming in/out referendum on European Union membership, which may come as early as June, has sparked jitters, with analysts predicting declines in...
Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation...
Everybody knows the world is battling against extremely low inflation, with central banks in the US, UK, eurozone and Japan having spent trillions of dollars...
Iran is set to re-engage with the banking world within weeks as international lenders link up with their Iranian counterparts using global transaction network...
For the past 15 years, the mere mention of the word “China” has brought smiles to the faces of the global business executives who gather annually at the World...
Gulf banks including Dubai’s largest lender Emirates NBD are already meeting prospective clients and taking legal advice about entering Iran’s financial...
The United Nations’ nuclear watchdog confirmed Saturday that Iran had curbed its nuclear program as agreed with world powers, paving the way for most...
Western sanctions on Moscow are intended to exert long-term pressure on Russia and not to push it "over the economic cliff," a U.S. State Department official...
U.S. President Barack Obama's administration is preparing new sanctions on international companies and individuals over Iran's ballistic missile program,...
Iranian hackers breached the control system of a dam near New York City in 2013, an infiltration that raised concerns about the security of the country's...
Brent crude oil prices hit their lowest in more than 11 years Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply...
Law enforcement officials Thursday arrested two more FIFA officials suspected of taking millions of dollars in bribes, Swiss authorities said, as part of an...
British lawmakers need to take “urgent action” to ensure the U.K. maintains its position as the leading global financial center or risk the departure of banks...
Global regulators set out their “final tools” Monday for ending the phenomenon of “too big to fail” banks, seeking to draw a line under a period of intensive...
Europe’s investment banks fell further behind their bigger US rivals in key growth areas of equities and advisory as they faced a “perfect storm” from...