Wall St. Is Told to Tighten Digital Security of Partners

Wall Street’s oversight of cybersecurity measures at outside firms it does business with remains a work in progress, according to a review by New York State’s top financial regulator.

Europe's top banks cut 80,000 more staff in post-crisis overhaul

(Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.

Heavier sanctions on Russia could backfire

WASHINGTON (AP) — Underlying talk about taking harsh punitive measures against Russia for its military incursion into Ukraine are economic complications and worries that sanctions levied against Moscow could backfire on the U.S. and Europe.

EU poised to suspend some sanctions on Iran

BRUSSELS: Sometime between breakfast and lunchtime Monday, a message will arrive in Belgium's capital that should set in motion an international diplomatic machine, affect billions of dollars blocked in banks and have repercussions from US college campuses to oil tankers on the seas.

Years of US fines over Iran loom for foreign banks like Deutsche Bank, Intesa San Paolo

LONDON/FRANKFURT: For years, the United States struggled to get foreign bankers to comply with its effort to throttle Iran's economy - but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got their attention.

Europe's bold rescue plan still awaiting details

BRUSSELS: Europe's leaders surprised skeptics with a bold plan to pump cash into troubled banks, reduce borrowing costs for Italy and Spain and stop forcing austerity on every government that needs aid.

Contagion risks deepen as new Greek elections called

NEW YORK (CNNMoney) -- The threat of contagion in Europe deepened Tuesday, when Greece announced it would hold new elections in June after failing to form a coalition government.

UK to narrowly escape recession, European commission forecasts

The UK will narrowly escape recession in the first half of this year as Europe as a whole stagnates and the eurozone suffers a short-lived, "mild" contraction, according to the latest forecasts from Brussels.

United States coming to be seen as threat to global markets

The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt US firms, foreign banks, and international markets in one swoop.

US and Europe in the Same Boat

S&P's downgrade of US credit brought the country's debt problem to the forefront, but the US is not alone; the euro crisis is flaring up again along with concerns over European banks.

For the first time in US history, the US credit rating was downgraded on August 5. Coming on the heels of the steepest stock-market drop since the 2008 financial crisis, it was a big blow to an already fragile financial system.