A new paper from the Social Science Research Network released this week makes the case that almost 200 American banks are facing risks similar to those which led to the…

In a statement Friday, China’s Finance Ministry announced it imposed an unprecedented fine of 212 million yuan ($30.8 million) on accounting firm Deloitte, for performing its audit of bad-debt manager…

Bloomberg and the Financial Times are both reporting that Swiss financial regulators, the Swiss National Bank, and the Swiss Financial Market Supervisory Authority (FINMA) are arranging negotiations between the nation’s…

The London Metal Exchange was forced to delay a resumption of trading in nickel during Asian hours until March 27th, after it discovered “irregularities” at one of its warehouses with…

Over the past fortnight, US banks borrowed a combined $164.8 billion from two Federal Reserve facilities, according to Fed statistics released Thursday, as lenders rushed to develop the liquidity to…

Switzerland’s largest political party, the Swiss People’s Party opposes the government’s plan to rescue Credit Suisse, the nation’s second largest bank, according to a statement by a party spokesman on…

On Wednesday, the British Office of Budget Responsibility (OBR) reported that Britons are looking at the biggest fall in standards of living since record-keeping began in the 1950’s, as well…

Gold prices were on the rise again on Friday, as further market turbulence over the banking crisis in the US and ‘Europe drove investors to seek out safe-haven assets. Gold…

Credit Suisse’s stock price continued to fall Friday, wiping out the previous session’s gains, as investor’s grow increasingly apprehensive about the bank’s outlook, despite news of a $54 billion lifeline…

As investor concerns over the health of the US banking sector continue to grow, US bank stocks drove US markets lower on Friday. The Dow Jones Industrial Average fell over…