Satyam Computer Services Ltd ,State Farm Insurance Co has terminated its contract

Fraud-hit Satyam Computer Services Ltd said on Monday a U.S.-based client had cancelled its contract, dealing a blow to the embattled Indian...

Anglo Irish Bank nationalised

The Irish government said on Thursday it would nationalise Anglo Irish Bank (ANGL.I) because its viability was of systemic importance to Ire...

Santander, the Spanish owner of Abbey and Alliance & Leicester, looks likely to miss its ambitious €10 billion (£9 billion) profit target for 2008

Santander, the Spanish owner of Abbey and Alliance & Leicester, looks likely to miss its ambitious €10 billion (£9 billion) profit targe...

UIQ Technology, which develops the interface for Symbian UIQ, seems no longer able to meet its debts and is in bankruptcy.

The company UIQ Technology, owned 50:50 by Sony Ericsson and Motorola, will soon close its doors. It has just been placed under the Swedish ...

FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks

The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks...

Secret loans to Anglo Irish Bank directors.

Mr Neary bowed out after a report was presented to the board of the Financial Regulator on the loans scandal at State bailed-out Anglo Irish...

Higher gas price with transit tariff unchanged will bankrupt gas transportation system

Ukrainian President Viktor Yushchenko says increase in the Russian natural gas price without a simultaneous increase in the cost of its tran...

metro Atlanta observers are already calling the city the epicenter for U.S. bank failures

2008 ranked as one of the worst years for banking since the Great Depression. 2009 may become the worst ever. Bankers, industry experts and...

Indian software company Satyam

Ramalinga Raju, who said the firm had exaggerated cash reserves by some $1bn (£661m), and his brother Rama have been charged with criminal c...

South Korea's 5th largest automaker, Ssangyong Motor Co., has gone bankrupt

The US automakers are not the only ones that have been hit hard by the high price of gas last year followed by the global economic meltdown....

25.8% of 182 large retailers are at significant risk of filing for bankruptcy

Wall St. has already provided a list of retailers who may well not make it through 2009. According to The Wall Street Journal, "AlixPar...

Haven Trust Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation

Haven Trust Bank, Duluth, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Cor...

US has seen the collapse of 25 banks this year, with two entities going belly up on average each month.

Reeling under a recession that's getting worse, the US has seen the collapse of 25 banks this year, with two entities going belly up on ...

Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff

Investors who put their fortunes in the hands of arrested New York money manager Bernard Madoff are waiting to hear how much of their stake ...

Two arrests of prominent New Yorkers alleged to be engaged in massive frauds and the arrest of a governor accused of trying to sell a U.S. Senate seat

Two arrests of prominent New Yorkers alleged to be engaged in massive frauds and the arrest of a governor accused of trying to sell a U.S. S...

58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year

58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year since Congress overha...

London analysts said it was "baffling" that Ireland had still not set up a bail-out scheme of its own.

Irish banks, including AIB, Bank of Ireland, Anglo Irish and Irish Life & Permanent, were this weekend worth a combined €8.3bn. In the n...

Russian officials, armed with the third largest forex reserves in the world, are trying to project an image of self-confidence.

Russian officials, armed with the third largest forex reserves in the world, are trying to project an image of self-confidence. They are bla...

State-owned Development Bank, also known as VEB, has been entrusted by the Kremlin to distribute a $50 billion rescue package

Russian billionaires became fabulously rich in the 1990s during the so-called loan-for-shares schemes when they lent money to the state and ...

American Express will notify its card members in the coming weeks that it will initiate a broad-based interest rate hike.

Big-name credit card issuers, including Bank of America, Chase and American Express, are shrinking -- not raising -- some credit limits. And...

European Central Bank's lending to financial institutions surged to a record as it pumped extra cash into the banking system

European Central Bank's lending to financial institutions surged to a record as it pumped extra cash into the banking system to ease a f...

Banks continued to queue up for state aid. In Austria, Erste Group Bank said it will be getting a 2.7 billion euro ($3.4 billion) equity injection

Banks continued to queue up for state aid. In Austria, Erste Group Bank said it will be getting a 2.7 billion euro ($3.4 billion) equity inj...

Bursting of the biggest credit bubble in world history is battering emerging-market powerhouses that only months ago were seen as pillars

Bursting of the biggest credit bubble in world history is battering emerging-market powerhouses that only months ago were seen as pillars of...

Metals magnate Oleg Deripaska to pay off a loan to a group of Western banks

National development bank VEB announced Wednesday that it had approved nearly $10 billion in government bailout credits to Russian companies...

Citigroup and Credit Suisse are so damaged by the financial crisis, it seems, that they've given up underwriting loans to their biggest clients

Citigroup and Credit Suisse are so damaged by the financial crisis, it seems, that they've given up underwriting loans to their biggest ...

U.S. dollar has slid as investors grow more willing to take risks and buy stocks, easing demand for the currency as a safe haven.

U.S. dollar has slid as investors grow more willing to take risks and buy stocks, easing demand for the currency as a safe haven.The dollar ...

Norges Bank, which cut interest rates by 50 basis points on Wednesday to 4.75 percent, has been injecting hefty doses of liquidity

Liquidity management has grabbed the lead role from interest rate policy internationally as central banks grapple with the global financial ...

Barclays shunted hundreds of millions of dollars of toxic mortgage assets into two secretive investment vehicles according to a lawsuit

Barclays shunted hundreds of millions of dollars of toxic mortgage assets into two secretive investment vehicles that it had created itself....

British Bankers’ Association, the industry group, said “commercial realities” made it “inevitable that some businesses will not survive” the recession

British Bankers’ Association, the industry group, said “commercial realities” made it “inevitable that some businesses will not survive” the...

Half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall

Half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall,...