Banking News
Banking: Miami media reports Stanford employees clearing their desks
The local NBC Affiliate, NBC6, is reporting that Stanford Financial staff are being allowed to enter the building, under escort, to collect personal effects.
Banking: Bernanke fobs off House committee on Citi
US Federal Reserve Chairman Ben Bernanke has been swimming far out of his depth for months but on Wednesday, his responses to a House committee were banal. It's almost as if he knows he's safe because no one else would want his job - so he can stay afloat for a while longer.
Banking News: Why Standard Chartered isn't broke
An extract from Standard Chartered's annual report which showed it making an increase in profit when all around it floundered shows precisely why the bank has not run into the trouble that afflicts so many of its competitors.
Standard Chartered: beating the banking crisis by being a bank
Monsoon cloud gathers around Standard Chartered in Kuala Lumpur. But not around the company which, just as the rain started, announced that it is that rare thing - a bank that is making a profit.
Banking: HSBC drives for quality
HSBC is not withdrawing from the US market - but it's decided that mass market lending is not the way to go and is aiming to cherry pick those customers that are both more profitable and less troublesome.
Banking News: Stanford executive charged
The FBI has charged Laura Pendergest-Holt, the chief investment officer of Houston-based Stanford Financial Group with obstruction of a proceeding before an agency of the United States.
Banking: FSA makes it clear - there was political interference.
The UK's combined financial sector regulator, The Financial Services Agency, was formed as one of Gordon Brown's big ideas. He put one of his pals in to set it up and run it. And it is only in recent months, with the appointment of Hector Sants and Adair Turner that it has had senior management who are not effectively Treasury-in-disguise. Now Turner has told MPs of the direct interference in FSA management - catching Gordon Brown in another lie.