HSBC, Bank of America, and Washington Mutual suffer the highest rates of identity theft in the banking industry

HSBC, Bank of America, and Washington Mutual suffer the highest rates of identity theft in the banking industry, according to an investigati...

British tax authorities are studying details of accounts held at the Liechtenstein LGT bank

British tax authorities are studying details of accounts held at the Liechtenstein LGT bank. America, Australia, France, Spain, Italy and Sw...

Canadians are being investigated for possible tax fraud in the European principality of Liechtenstein's ancient and secretive banking system

Canadians are being investigated for possible tax fraud in the European principality of Liechtenstein's ancient and secretive banking sy...

Liechtenstein named as "un-cooperative tax haven"

Germany said it was rallying fellow European nations to force Liechtenstein to adhere to EU tax rules and a day after the EU agreed the prin...

Iceland Banks a giant hedge fund

Iceland has been dubbed a “giant hedge fund” because of the way in which the country’s corporate and banking sectors have expanded rapidly o...

35 percent slowdown in sale of resale property in Spain

35 percent slowdown in sale of resale property in Spain Data from the National Statistics Institute, INE, has shown a 27% fall in the number...

Aguirre Newman consultants and shows Spanish property is taking as long as 56 months to sell

Report was published yesterday by the Aguirre Newman consultants and shows property is taking as long as 56 months to sell A new report from...

Euroland the economic numbers are coming dangerously weak. That will put the massively overvalued Euro into a swan dive

Economic reality is slowly sinking in. In Euroland the economic numbers are coming dangerously weak. That will put the massively overvalued ...

Sberbank's debt climbed to more than 200 basis points from less than 100 basis points at the beginning of August

Credit Suisse Group cut its price estimates for shares of Russian banks on Thursday, saying credit-default swaps on their debt indicate grea...

CIT traded at 23.5 points upfront, an extreme level of distress, according to broker Phoenix Partners

Investors are concerned CIT will have to refinance debt due in coming months, in markets which have either frozen completely or where, at be...

IKB Industrie Bank, one of many hit by the US crisis

The IKB Industrie Bank, one of many hit by the US crisis, announced Thursday, March 20, that it had failed to recover from the effects on it...

Iceland's banks have been among the hardest hit in Europe

The cost of protecting the bonds of Kaupthing Bank hf, Landsbanki Islands hf and Glitnir Banki hf against default soared to records this wee...

Bond insurer Security Capital Assurance, LTD, which has been stripped of its AAA bond insurance rating, is trying to cancel insurance it wrote

Bond insurer Security Capital Assurance, LTD, which has been stripped of its AAA bond insurance rating, is trying to cancel insurance it wro...

Spain's six largest banks have lost almost a fifth of their stock market value

S pain's six largest banks have lost almost a fifth of their stock market value since the subprime crisis and ensuing international cre...

Northern Rock may take longer to repay the 25 bln stg in government loans

Northern Rock, the UK bank that was nationalised last month, today said it was confident of meeting the proposals set out in its draft busin...

Release of Jerome Kerviel

An appeals court here Tuesday ordered release of Jerome Kerviel, the rogue trader behind the largest banking fraud, from prison, BFM televis...

Lord Hugh Rodley, David Nash,Kevin O'Donoghue,Bernard Davies four men accused of trying to steal £220million

Four British men have been accused of trying to steal £220million by hacking into a Japanese bank's computer system, the Serious Organis...

It's a snowball and it keeps getting bigger, Peggy Furusaka, credit specialist at BNP Paribas SA in Tokyo.

Last night, while America slept, investors and dollar-holders around the world held an impromptu election on US stewardship of the global ec...

Gibraltar to be classed as OUTLAW tax haven

Spain is due to ask the Organisation for Economic Cooperation and Development (OECD) to return Gibraltar to a blacklist of tax havens that r...

Macquarie Bank Australias Northern Rock as investors struggle to get out from down under

Macquarie Bank was roaring towards $100 a share. Now it is less than $50 - that's a 50% drop from top to bottom. In contrast most blue c...

worst possible news at the worst possible time

Bear Stearns blew up. It was the worst possible news at the worst possible time. A day earlier, the politically-connected Carlyle Capital he...

Eurozone breakup predicted as Italy's and Spain's economies are weakening

Europe, Mr Taylor said that while the German economy remains strong, others such as Italy's and Spain's are weakening. "You cou...

Allied Irish Bank carrying out covert trading activities that broke tax law.

Allied Irish Banks, the scandal prone lender, yesterday admitted it had discovered five former senior executives had been carrying out cover...

Banks have liquidity problems. Credit default swap derivatives exposure is estimated at $26 trillion.

Banks have liquidity problems. Credit default swap derivatives exposure is estimated at $26 trillion. 2/28/2008 Fannie Mae posts $3.56 billi...

There is fear that something dramatic will happen

“It’s another round of the credit crisis. Some markets are getting worse than January this time. There is fear that something dramatic will ...

Russia stretches its financial muscles

Kazakhstan, along with its Central Asian neighbors Turkmenistan and Uzbekistan, will receive a huge increase in energy-related revenue follo...

Bear Stearns' goes belly up.classic run-on-the-bank

The struggling brokerage firm spent Friday trying to assure fearful investors that it isn't on the brink of insolvency. CEO Alan Schwart...

Liechtenstein reaching a "reasonable" deal with the European Union over tax fraud.

The prime minister of Liechtenstein, which is at the centre of a tax evasion scandal, said yesterday talks were well advanced on reaching a ...

US banks are likely to fail as a result of the housing crisis

US banks are likely to fail as a result of the housing crisis, Ben -Bernanke said yesterday, warning that his country faced a more difficult...

Blackstone Stone Group 170 million dollar quarterly loss Monday.

"Difficult market conditions in the US and Europe continue in 2008 and there is little visibility on when these conditions might improv...

Spanish economic crisis glut of unsold homes

The twin engines of the coming Spanish economic crisis are a collapsing housing market and a current account deficit, now at 10 per cent of ...

Hedge funds still pose significant risks to the financial system

Despite closer monitoring by regulators, hedge funds still pose significant risks to the financial system, a government report said Monday. ...

Warned all mobile users not to reply to the international SMS

Telecommunications Regulatory Authority (TRA) has warned all mobile users not to reply to the international SMS, which informs that they hav...

Great Depression American financial system in meltdown

Harry Koza in the Globe and Mail quotes Bernard Connelly, the global strategist at Banque AIG in London, who claims that the likelihood of a...

Hedge funds, banks and other financial institutions come under pressure to cut their losses before conditions deteriorate further.

Tim Bond, head of global asset allocation at Barclays Capital, said: “It’s inflicting heavy losses on the banking system, eroding their capi...

The credit market is showing significantly more fear than the equity market. There's a gaping hole between them

"The credit market is showing significantly more fear than the equity market. There's a gaping hole between them," says Tim Ba...

Brokers at Lehi Mortgage Services Inc. inflated incomes and savings account balances

The Massachusetts attorney general filed suit yesterday against a Quincy mortgage broker, charging the firm with falsifying applications fro...

Rogue trading is a daily occurrence

Societe Generale posts 4th-quarter loss of $4.91 billion after trading fraud was the headline in the Star Tribune in the wake of the $7 bill...

Carlyle Capital Corp., a $21-billion European investment fund that had borrowed heavily to buy high, said it was unable to satisfy all of the lenders

credit crunch is showing signs of worsening, defying efforts by the Federal Reserve to restore confidence in the financial system.Bond and s...