Financial services news and stories by mail.com

Financial services

Mexico fines HSBC $28 million in laundering case
Mexican regulators have levied a $28 million fine against the Mexico subsidiary of London-based HSBC bank for failing to prevent money laundering ...
European economic downturn gathers pace
Any hopes for recovery for Europe's faltering economies suffered a series of blows Wednesday following the latest round of bad news from the ...
France, Spain: Bank rescue needs to come fast
France and Spain called Wednesday for swift implementation of the rescue plan for Spanish banks to ease concern that the country may need a full-blown ...
EU proposes criminalizing rate-rigging
The European Union proposed Wednesday to make manipulating key global interest rates a criminal offence. European Commission vice president Viviane ...
SKorean banks in hot seat as rate-rigging probed
Revelations that South Korean banks kept interest rates artificially high for years and used questionable criteria for determining how much to charge ...
ECB survey shows demand for loans remains weak
Demand for loans from business and consumers remains weak in Europe in the face of the continent's debt crisis, a closely watched European Central ...
IMF says China's economy reached 'soft landing'
China has achieved a "soft landing" in its economic slowdown, the IMF says while cautioning that more sweeping reforms are needed to ensure healthy ...
5 reasons for Spain's colossal economic troubles
Spain's financial crisis is a lot like peeling an onion: remove one troubled layer and you expose another. Repeated efforts since 2009 by successive ...
Software maker VMware buys Nicira for $1.26B
Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion. The deal announced Monday will expand VMware's ...
2nd triple-digit loss for Dow in 2 days
Fear that Spain may need a bailout sent its borrowing costs soaring, the euro to a two-year low against the dollar and stocks around the world ...
Europe shaken by fear Spain will need full bailout
Europe is on the brink again. The region's debt crisis flared on Monday as fears intensified that Spain would be next in line for a government bailout
Global economy in worst shape since 2009
Mounting fears about Spain's financial health help illustrate why the global economy is in its worst shape since 2009. Six of the 17 countries that ...
Italy bans stock short-selling as market plunges
Italy's market watchdog on Monday imposed a week-long ban on the short-selling of financial stocks as the Milan index plunged amid fears that if Spain ...
Spain's borrowing rates hit record as crisis grows
Financial pressure is mounting on Spain as its economy shrinks and the cost of bailing out banks and regional governments grows. Investors pushed the ...
Working poor stand at center of Medicaid debate
Jose Gallegos' company eliminated employee health insurance to save money, so when his gut started hurting and his skin took on a yellow tinge, he ...
ECB's Draghi: euro not in danger
The head of the European Central Bank said the euro is "absolutely not" in danger as the continent's financial crisis simmers, and insisted in an ...
Bank failures in 4 states bring 2012 total to 38
Regulators closed two small banks in Georgia on Friday and one each in Florida, Kansas and Illinois, bringing to 38 the number of U.S. bank failures ...
Haunted by Europe, US market can't get ahead
For the past few days, the U.S. stock market was able to forget about problems in Europe. Friday put Europe squarely back in the spotlight. U.S.
Fender decides against taking the public stage
A famous piece of rock and roll history has changed its tune about going public. Fender Musical Instruments Corp., which produced guitars strummed by ...
Bank bailout fails to ease fears for Spain
Concerns about Spain's crippling financial problems flared again Friday as even news that the country had been given the final go-ahead for a bank ...
Your logo here: How a logo becomes an icon
In almost every corner of the world, golden arches symbolize something. So does a red bulls-eye. The same is true for a half-eaten apple. Ditto for ...
Europe debt concerns push markets, euro lower
Concerns about Europe's debt crisis resurfaced on Friday, weighing heavily on the region's stock markets and pushing the euro to a two-year low.
Spain's woes deepen as region seeks financial aid
Spain's financial woes deepened ominously Friday after a heavily indebted region asked Madrid for help and the government predicted more recession ...
Glance at the bailout of Spain's trouble banks
On Friday, finance ministers from the 17 countries that use the euro approved the terms of the bailout of Spain's troubled banking sector. Here is a ...
Venture funding falls 12 percent in 2Q to $7B
Funding for startups fell 12 percent in the April-June period as venture capitalists poured less money into fewer deals than a year earlier. But the ...