Bank


Central Banks Warned to Weigh Risks of Virtual Currencies

A global financial body warns central banks should carefully weigh the risks before introducing their own virtual currencies, saying such innovations could risk destabilizing banking systems and unleash disruption across…

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Treasury Seeks Changes in the Way U.S. Handles Troubled Banks

The Treasury has recommended retaining a divisive procedure for handling troubled financial institutions with some changes, rather than scrapping the program as many conservative lawmakers had wanted. The Treasury Department…

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Spanish Finance Minister Backed for Leading ECB Job

Finance ministers from the 19-country eurozone on Monday endorsed Spain’s Luis de Guindos for the coveted post of European Central Bank vice president, after Ireland withdrew the only other candidate.…

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Appellate Court Rejects Verdict in Arab Bank Case

A federal appellate court has rejected a jury verdict in a civil case brought by American victims of suicide bombings against Jordan-based Arab Bank. The 2nd U.S. Circuit Court of…

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