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German banks will pass stress tests

Report Tick Boxes

The ECB won't find cause for concern over German banks when it carries out rigorous stress tests of European lenders, according to the president of the country's banking regulator.

Clock ticking for Sony to prove it can turn around

Sony Logo

With shares of Sony plunging 12 percent on Friday after the company slashed its earnings outlook, strategists say time is running out for the Japanese electronics maker to prove that it can engineer a turnaround of its struggling business.

Banks brace for billion-dollar forex probe

A Billion Dollars

Already hammered by their role in the 2008 financial crisis and the rigging of the key bank rate LIBOR, the global banking sector looks set to take another battering to its reputation as investigations start into the fixing of foreign exchange.



HSBC Canary Wharf

HSBC said considering shock US move

HSBC, which has threatened to move its headquarters out of the UK amid concerns over excessive tax, is eyeing the US as a serious alternative to its traditional home of Hong Kong, according to reports.