News tagged with banking crisis

The bubble bursts on e-currency Bitcoin

Many saw it coming, but that didn't stop the Bitcoin bubble from bursting: after rising to dizzying heights, the digital currency suffered its first true crash this week.

Apr 13, 2013
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RBS says technical issues blocking mobile apps

(AP)—British bank RBS says technical issues have prevented customers from logging into its mobile applications—another in a series of computer glitches that has hit the struggling institution.

Mar 28, 2013
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HSBC to pay $1.9B to settle money-laundering case

(AP)—HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering ...

Dec 11, 2012
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Research: Is fair value really fair?

As the United States continues its struggle to emerge from the worst economic crisis since the Great Depression, a practice known as fair-value accounting has been taking heat. Critics—mostly banking associations—say ...

Jan 31, 2012
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Cracking the code

After the 2008 financial crisis hit, many people were startled to learn that the leaders of some investment banks knew little about the risks their firms had taken.

Sep 06, 2011
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