Credit Suisse CEO Tidjane Thiam and the bank's board of directors have offered to cut their own bonuses by 40%…
The International Monetary Fund has admitted that it made mistakes in handling Greece's first international bailout. The IMF said it…
ECB President Mario Draghi has said the initial plan to make small savers pay for the Cyprus bailout was "not…
Cyprus has officially agreed to a set of measures that will release a 10 billion-euro ($12.8 billion) IMF-EU bailout. The…
Germany and EU leading bankers have urged the Cypriot parliament to quickly find a way of raising the 5.8 billion…
European Union officials have struck a provisional deal on new financial rules, including capping bank bonuses. Under the agreement, bank…
That's what we use: money based on debt. If we don't have debt, we don't have money. When the debt…
Swiss bank UBS lost 349 million Swiss francs ($356 million) by investing in Facebook shares, more than halving its profits.…
China’s central bank has cut its benchmark interest rates for the second time in two months, in a bid to…
Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate. The yield on benchmark…
Political change within days in Greece may mean the country has to ultimately leave the euro. If that was to…
Spain's decision to request a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore…
Spain's economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its…