FOREXLEARNING

UBS boss says some banks may need state help: report »

ZURICH | Sun Sep 11, 2011 11:25am EDT

ZURICH (Reuters) – Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS (UBSN.VX) chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published [...]

U.S. has tax statistics from 10 Swiss banks: report »

ZURICH | Sat Sep 10, 2011 9:39am EDT

ZURICH (Reuters) – U.S. authorities now have statistical data from the ten Swiss banks being investigated by the United States for helping U.S. clients to dodge taxes, Swiss newspaper Neue Zuercher Zeitung reported on Saturday.

TagesAnzeiger, another Swiss newspaper, reported [...]

Report: Germany has proposed a plan to protect banks in case Greece defaults. »

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

U.S. readies papers v. Swiss banks on tax evasion »

By Lynnley Browning
Fri Sep 9, 2011 6:39pm EDT

(Reuters) – The United States is drafting legal documents that seek to force nearly a dozen Swiss banks and international banks with Swiss branches to disclose the identities of American clients evading billions of dollars in taxes, sources briefed on the matter said.

The drafting of the documents — [...]

Irish banks look beyond “bad bank,” recession »

DUBLIN (Reuters) – Bank of Ireland will raise from private sources much of the 2.7 billion euros ($3.6 billion) it needs, potentially becoming the only member of Ireland’s “bad bank” scheme to escape a fresh bailout.

Asian Markets

The bank’s statement on Wednesday that it was in fundraising talks with investment banks is a relief for the [...]

China banks absorbed $170 billion FX swaps in ‘09: report »

Chinese commercial banks absorbed about $170 billion in foreign exchange from the financial system last year, mainly through yuan-dollar swaps, state media on Wednesday cited a former official as saying.
The Shanghai Securities News cited Xu Shanda, former deputy head of the State Administration of Taxation, as saying that the State Administration of Foreign Exchange [...]

Asia shares up, banks shrug off China policy move »

Asia shares up, banks shrug off China policy move
Asian shares leapt to a three-week high on Wednesday, powered by financial and resource shares after investors bought commodities on a weaker dollar, while Hong Kong shares shrugged off China’s latest move to temper robust lending.
The Hang Seng rose 1.8 percent after a long Lunar [...]

G7 agrees banks must help pay crisis costs »

IQALUIT, Canada (Reuters) -
Group of Seven officials agree banks must contribute toward the cost of dealing with the financial crisis but have not agreed on how they should pay, a German official said on Saturday.
“There is a consensus that banks themselves have to contribute to pay for the financial burden of the crisis,” [...]

Currencies ahead of central banks rate decisions »

Thu, Feb 4 2010, 11:59 GMT
by ecPulse.com analysis team
The dollar is gaining massive grounds in markets, as investors are avoiding higher yielding assets, which once again supports the dollar to rise versus majors since once again there are worries in marketsregarding the global recovery taking longer than presumed to occur, especially [...]

World stocks tumble as Obama targets banks (AP) »

LONDON – World markets fell Friday, led by bank stocks after
to avert future financial crises.
or cost taxpayer money in bailouts.
The announcement spooked investors, causing a sell-off in Europe after sharper falls in the U.S. and Asia.
Britain’s FTSE 100 stock index was down 1.0 percent at 5,280.82 and
shed 1.0 percent to [...]