Business

Alessandro Profumo, chairman of troubled Italian lender Monte dei Paschi di Siena (BMPS.MI), said on Saturday he would decide whether to step down in January. "These are decisions one takes in cold blood and in the right place, I have...

As U.S. and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an attempt to exert greater control over the pricing of the raw materials on which their economies so...

Lombard Odier & Cie on Friday became the latest Swiss bank to say it would work with U.S. officials in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through hidden offshore accounts. The Geneva-based bank with...

General Motors Co's (GM.N) China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market. Shanghai General Motors Co Ltd, GM's venture with SAIC...

Stock indexes barely budged on Friday, taking a break from the rally that has repeatedly pushed stocks to all-time highs this week as investors close out a stellar year for equities. Twitter Inc (TWTR.N), the social media stock, which has...

Mizuho Financial Group (8411.T) chairman Takashi Tsukamoto will quit in March to take responsibility for a scandal over loans to organized crime, and the bank will restructure its board to improve governance, it said on Thursday. Japan's banking regulator issued...

U.S. stock index futures edged higher on Thursday, suggesting the market's recent upside momentum would continue, though trading was expected to be light following the Christmas holiday. This is the first day of full trading since Monday, following an early...

The hackers who attacked Target Corp and compromised up to 40 million credit cards and debit cards also managed to steal encrypted personal identification numbers (PINs), according to a senior payments executive familiar with the situation. One major U.S. bank...

While it may be the most common given name in the world, the global banking system seemingly can't cope with Mohammed and its various different spellings. When it comes to false positives - where a person or transaction is incorrectly...

Japan's SoftBank Corp (9984.T) is in talks to acquire U.S. wireless carrier T-Mobile US Inc (TMUS.N) and is discussing funding for a deal with financial institutions, sources close to the matter said on Wednesday. SoftBank is looking to have its...