LONDON, Nov. 28 (UPI) -- The British government purchased 57.9 percent of the Royal Bank of Scotland Friday after a bank sale failed to raise enough capital to meet new requirements.
HOUSTON, Nov. 7 (UPI) -- Regulators shut down Franklin Bank Friday, making the bank, based in Houston, the 18th U.S. bank to fail this year.
MOSCOW, Oct. 29 (UPI) -- Head of Russia's Federal Financial Markets Service said Wednesday the country's financial systems should be placed under one regulatory system.
STOCKHOLM, Sweden, Oct. 28 (UPI) -- Sweden's Riksbank has agreed to provide Carnegie Investment Bank with special liquidity assistance after regulators declared the firm in good health.
BEIJING, Oct. 21 (UPI) -- The ICBC, China's largest commercial bank, Monday opened its first Middle East subsidiary unit in Dubai as part of its overseas expansion.
WASHINGTON, Oct. 17 (UPI) -- Banking regulators worked Friday to resolve accounting measures that would delay the U.S. government's $250 billion investment in the nation's banks.
ZURICH, Switzerland, Oct. 3 (UPI) -- Swiss bank UBS said Friday it would trim its investment bank workforce by an additional 2,000 workers in the wake of a global financial crisis.
MOSCOW, Sept. 24 (UPI) -- Russia moved to engineer its first bailout of a distressed bank since the financial crisis began pulling down Russian stocks a week ago, officials said.
NEW YORK, Sept. 17 (UPI) -- British bank Barclays announced it bought failed Lehman Brothers' U.S. investment banking and capital market units for just over $1 billion.
TOKYO, Sept. 17 (UPI) -- Japan's central bank Wednesday left its key interest rate unchanged at 0.5 percent, following a similar decision by the U.S. Federal Reserve.
TOKYO, Sept. 17 (UPI) -- Japan's central bank Wednesday pumped 2 trillion yen to ease global financial market disruptions caused largely by the collapse of Lehman Brothers.
LONDON, Sept. 15 (UPI) -- Major banks in Europe said they were prepared to intervene to stabilize markets in the wake of the financial upheaval on Wall Street.
MOSCOW, Aug. 15 (UPI) -- A major bank in Russia said Friday the price of crude oil on the world market could drop to $90 in weeks, prompting curtailed production from OPEC.
ZURICH, Switzerland, Aug. 12 (UPI) -- Swiss bank UBS said its fourth consecutive quarter of losses reached $326 million, triggering a management and organizational shakeup.
LONDON, Aug. 7 (UPI) -- The Bank of England said Thursday it would keep its key interest rate at 5 percent.
