Four British bankers apologised for mistakes that brought Royal Bank of Scotland and HBOS to the brink of collapse, saying the sector should rethink its increasingly unpopular habit of paying lavish bonuses.
European Union finance ministers warned on Tuesday of the risk of protectionism as the United States prepares to unveil a bailout of its stricken banks and works on a plan to help
European shares fell early on Tuesday as banks declined following a huge loss at UBS and miners tracked a drop in key metals prices, while investors trained their sights on a U.S.
World stocks fell after five days of gains on Tuesday as investors fretted over U.S. plans to boost the economy and save its banks. The euro also wobbled after Russia denied seeking
U.S. Treasury Secretary Timothy Geithner will lay out a bank-rescue plan on Tuesday that will rely on public and private funds to take $500 billion of bad assets off banks' books, sources
Amazon.com Inc unveiled a slimmer version of its Kindle digital book reader with more storage and faster page turns, but kept a high price tag that may limit its appeal to a
UBS said it would axe 2,000 more jobs as part of a tough restructuring after posting the biggest ever annual loss for a Swiss firm, although it said client withdrawals had stopped
The Obama administration's financial rescue plan will now include a new form of "bad bank" combining public and private funds, according to CNBC. Earlier, CNBC had reported that Treasury had dropped plans
Russian companies are continuing to service their $400 billion foreign debt as normal and the government is not holding talks to help them restructure payments, a top Kremlin aide said on Tuesday.
Asian stocks fell on Tuesday as uncertainty grew about U.S. plans for a bank bailout, while the euro fell on a report that Russian banks were seeking a delay on repayment of
