UniCredit said writedowns of around 650 million euros on its asset-backed securities portfolio

UniCredit said writedowns of around 650 million euros on its asset-backed securities portfolio would contribute to a trading loss of about 6...

George Soros says high-risk credit default swaps could be the next sector of the investment market to strike trouble,

George Soros high-risk credit default swaps could be the next sector of the investment market to strike trouble, increasing the current turb...

foreign banks operating in Pakistan

The Banking Mohtasib (Ombudsman) is dissatisfied with the attitude of local as well as foreign banks operating in Pakistan towards their cus...

UK lenders are sitting on far larger undisclosed mortgage-related losses than its European counterparts

A report from the International Monetary Fund (IMF) shows that British banks will have to take an extra £11 billion from sub-prime losses - ...

Brian Meehan became the first financial victim of the new legislation when the Cab successfully secured the forfeiture of €104,000 of his criminal pro

Brian Meehan, a key figure in John Gilligan's gang, whose activities led to the setting up of the multi-agency body. Some of the Gilliga...

Pirates boarded a French luxury cruise yacht off the coast of Somalia and took its entire crew hostage today

Pirates boarded a French luxury cruise yacht off the coast of Somalia and took its entire crew hostage today, a French military spokesman sa...

UBS, the region's largest bank by assets, rallied

UBS, the region's largest bank by assets, rallied the most in more than six years after saying it seeks to raise 15 billion Swiss francs...

European Union finance officials agreed to tighten oversight of banks and increase crisis cooperation,

The finance ministers and central bankers signed an accord yesterday at Brdo, near Ljubljana, Slovenia, to create links among the supervisor...

Central banks have the tools to contrast high volatility on financial markets and it is in their interest to use them

Central banks have the tools to contrast high volatility on financial markets and it is in their interest to use them, European Central Bank...

Northern Rock had up to £30bn of mortgages coming up for renewal this year and customers would be offered help to transfer to other lenders

Liberal Democrat Treasury spokesman Vince Cable branded the payout to Mr Applegarth, who stepped down last December, as a “reward for failur...

"ring of security"UK's new unified border agency was launched today by the home secretary.

Working as a shadow agency of the Home Office, it will bring together border, immigration, customs and visa checks.Jacqui Smith argued it wo...

European Commission says it has sent Bulgaria and Romania a final warning

The European Commission says it has sent Bulgaria and Romania a final warning, threatening to take both countries to court if they do not en...

four men on trial for attempting to extort money from the Liechtenstein bank LLB by threatening to reveal data on 2,325 suspected tax dodgers

Germany is to put four men on trial next week for attempting to extort money from the Liechtenstein bank LLB by threatening to reveal data o...

International credit crisis has left its deepest marks yet on the European banking system

International credit crisis has left its deepest marks yet on the European banking system. Two mega-banks, Swiss bank UBS and Germany's ...