The home of International Monetary Fund chief Christine Lagarde was raided by anti-corruption police yesterday. It follows claims that she authorised a £270million payout to a...
The European Central Bank warned Cyprus Thursday that it has four days to raise €5.6 billion to avoid bankruptcy – or risk losing bailout funds. The...
Russian Prime Minister Dmitry Medvedev has criticized the actions of the EU and Cyprus in dealing with the island nation’s financial woes, describing the proposed deposit...
The Cypriot parliament has voted against a revised bank deposit levy. The tax was meant to shave 9.9% off any deposits over €100,000 and has since...
New Zealand depositors could face a Cyprus-style tax on their bank accounts, as the government is planning to impose a similar strategy on its banks warns...
The euro has dived with traders forced to fix sharp losses after the Cyprus government’s controversial decision to impose a one-time levy on depositors triggered a...
As outrage mounts over an unprecedented bank tax in Cyprus, Europe’s biggest economies, France and Germany, have put the blame for the bank levy on Cyprus....
Policymakers had previously insisted they expected to make money on the £375bn of gilts bought through QE. But, in a study published on Thursday, the Bank...
New official data reveal that Spain’s public debt reached a new record of 84.1 percent of its gross domestic product (GDP) at the end of 2012...
Late last night, after markets closed for the weekend, following an extended discussion the European finance ministers announced their “bailout” solution for Russian oligarch depositor-haven Cyprus:...
Dozens of fraud victims who had Wonga loans taken in their names and saw their bank accounts raided for more than £30,000 have been met with...
Scotland continues to be in a relatively stronger budget position than the UK as a whole to the value of £824 per person or £4.4billion as...
The devil is in the details. In this case, the details require Greece to give up all 111 tonnes of its gold in exchange for the...
As the major stock indices hit new record highs, many are left wondering how such a bull market can develop while the average worker faces layoffs,...
A Bitcoin transaction services company says that hackers broke into one of its brokerage accounts last week, nabbing more than $12,000 worth of the digital currency....
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