The global banking system has finally gotten to its feet, but it is still struggling to stand up straight, Moody's Investors Service concluded in its new report on the world's financial recovery.
Signs of stabilisation in the housing market encouraged lenders to approve more mortgages in June, while the flow of lending to British firms fell at a slower pace in May, Bank of
Banks and commodity stocks led a broad-based rally on Britain's top share index by midday on Monday, set to be the sixth-straight day of gains, with sentiment buoyed by a last-minute rescue
CIT Group Inc may announce an agreement on Monday to obtain $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, a person close to the matter said.
Stock index futures rose on Monday after CIT Group Inc clinched a deal that could help it avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis. CIT
Turkey will never abandon its rights as a "guarantor" power on Cyprus, even if a peace deal is signed between Greek and Turkish Cypriot leaders later this year, Turkish Deputy Prime Minister
Germany's proposed bad bank scheme that aims to help commercial and public sector banks recover from the impact of the global financial crisis presents several drawbacks but also some benefits, Moody's Investors
By Keith Weir Britain's Financial Services Authority (FSA) regulator should be abolished and the Bank of England put in full charge of supervising financial institutions, opposition Conservatives said on Monday. The proposals
By Matt Scuffham Britain's biggest pizza delivery chain, Domino's Pizza UK & IRL, said on Monday it expected to beat full-year profit forecasts as it reaped the benefits of sponsoring TV phenomenon
Cyprus said on Monday it would keep up its block on Turkey opening its energy chapter with the European Union, accusing its neighbour of being a "bully" in a dispute with the
