Wall Street banks learn how to survive in staged cyber attack
NEW YORK (Reuters) – A few months ago, a group of Wall Street banks fashioned a risk-manager’s worst nightmare to determine how they would survive. Luckily, it was all pretend.
Swiss watchdog chides three banks over Tunisia accounts: TV
ZURICH (Reuters) – Switzerland’s financial watchdog has told HSBC and two other private banks to pay thousands of Swiss francs for failing to supervise properly the accounts of people close to ousted Tunisian President Zine al-Abidine Ben Ali, televisi…
Ex-UBS banker wanted in U.S. tax probe arrested in Italy
MILAN (Reuters) – A former top executive at Swiss bank UBS wanted in the United States for allegedly helping wealthy Americans avoid paying tax was arrested in Italy at the weekend, the Bologna police said on Monday.
Fed taper delay talk buoys shares, markets poised for data rush
LONDON (Reuters) – Global shares hovered at five-year highs on Monday while the dollar edged up against the yen as investors looked ahead to a deluge of U.S. data for clues on when the Federal Reserve will begin scaling back its stimulus.
Publishers need to know their readers to survive in digital era
FRANKFURT (Reuters) – Publishers need to get to know their readers and find out what they want if they are to halt the loss of market share to online powerhouses such as Amazon, industry figures say.
Eurogroup head says Slovenia must press on with reforms
LJUBLJANA (Reuters) – The chairman of the group of euro zone finance ministers said the bloc stands ready to support Slovenia, but the country must not stray from the path of fiscal reform, a newspaper reported.
EU unveils rules to ensure level playing field in bank tests
LONDON (Reuters) – Europe’s top banking regulator has set out rules to ensure EU banks cannot rely on national definitions to obscure the true state of their books in an upcoming assessment of whether they need more cash.
Starbucks under media fire in China for high prices
SHANGHAI (Reuters) – Starbucks Corp has been charging customers in China higher prices than other markets, helping the company realize thick profit margins, a report by the official China Central Television (CCTV) said.
Office Depot, Office Max on track for FTC approval -report
(Reuters) – Office Depot and OfficeMax Inc are set to receive regulatory approval for their planned merger as the Federal Trade Commission has concluded the deal is not likely to substantially lessen competition, the Wall Street Journal reported.
For JPMorgan, ending criminal probe proves impossible for now
WASHINGTON/NEW YORK (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon has pleaded with and complained to the U.S. Justice Department but cannot convince the government to end its criminal probe of his bank because prosecutors are not yet certain of their findings, people familiar with the matter said.
