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How the Russian economy has taken a turn for the worse

Vladimir Putin Speaks

Russia's economy was struggling even before the crisis in Ukraine, but things have now taken a turn for the worse, according to the International Monetary Fund. GDP fell in the first three months of 2014 and will fall again in the second quarter. According to the technical definition, that would amount to a recession.

Report - Top firms may face criminal charges

Statue Of Liberty

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades.

Deutsche Bank resigns seat on precious metal fixes

Gold Bar And Coins

Deutsche Bank has resigned its seat on the London precious metal fixes without finding a buyer, a spokesman for the lender said on Tuesday, leaving four banks to set the global gold price benchmark under increasing regulatory scrutiny.




Top C Suisse trading exec said leaving bank

Dan Mathisson, the executive who helped build Credit Suisse into an electronic-trading powerhouse over the past decade, plans to leave the bank at the end of next month, according to people familiar with the matter.