Banking
Liberty Reserve’s Shutdown...
The high-profile shutdown of Liberty Reserve sent waves throughout the world of digital currencies. One of the largest online currencies, Liberty Reserve managed a total of over $6 billion in transact...
RBS Faces Libor Scrutiny Fro...
The Royal Bank of Scotland faces intensified scrutiny from Canada’s Competition Bureau over its involvement in the Libor scandal. The bank is one of several that may have been involved in a scandal...
Fed Official Calls for Major...
A Federal Reserve official has called for big changes in the financial market to slow down trading. In a recently published paper, John McPartland urges the sector to undergo a major revamp to allow i...
RBS Cuts 1,400 Jobs, HSBC Co...
Edinburgh-based Royal Bank of Scotland plans to axe over 1,400 jobs during its next round of layoffs. The troubled financial services firm is currently 81 percent owned by taxpayers after it was baile...