No end in sight for meteoric bitcoin rise
Could bitcoin replace traditional currency? The cryptocurrency’s value has doubled in a fortnight. One bitcoin is now worth over $15,000. But some believe the revolution has only just begun.
HSBC admits to helping customers avoid tax
The banking world is once again in trouble as HSBC admits helping its clients evade millions in tax. It claims to have changed its ways, but is justice soft on the rich?
UK banks hit with huge fines over corruption
In the latest of many scandals to damage British banking’s reputation, six banks have been fined £2.6bn for fixing the currency exchange market. Can they ever regain the public’s trust?
Cyprus rescue dubbed: ‘immoral political act’
Fear that savers could lose money kept in other risky European countries followed an EU deal to help Cyprus shut down or restructure failing banks. Should taxpayers foot the bill instead?
EU tells Cyprus to take cash from bank deposits
For the first time a struggling EU country has been told to take money from its citizens’ savings. To get a €10 billion rescue loan, Cyprus must take €6 billion from its bank deposits.
Biggest credit default in history buys Greece time
After months of wrangling, lenders have agreed to accept losses on their loans to debt-stricken Greece. It’s the biggest default in history – can history tell us what to expect?
‘Ten days to save the world’ as Euro leaders meet
The world's largest economy, the EU, is on the brink. Greece and other poorer nations can't pay their debts. Voters are angry. Banks are weak. And leaders can't agree what to do.
Global warnings as economy enters ‘danger zone’
The heads of the World Bank, the IMF and the US Federal Reserve have all issued grim financial forecasts. Governments are running out of options and the markets are full of fear.
Rogue trader blows two billion dollars
An investment banker at the UBS financial group has managed to lose an astonishing sum through illegal gambles. 'Casino banking' is now under fire again.
Britain to press ahead with splitting the banks
Taxpayers spent billions bailing out banks because they were 'too big to fail'. A new set of proposals is designed to stop that happening again – but powerful voices call for delay.
Italy latest target of ‘spooked’ Euro investors
Italy traditionally survives periods of chaos and mismanagement. But the latest twist in the Eurozone debt saga sees this major nation vulnerable to investor flight.
Banks get a sharp slap on the wrist
The UK government has announced a new, higher, levy on banks. The Chancellor says this is a 'fair contribution.' Is he right?
Rage as ‘greedy bankers’ take bonuses
Despite widespread blame for our economic woes and a renewed outbreak of banker bashing, top financiers are due for another bumper year.