Fed may need to update its interest rate guide

(Reuters) - Interpreting Federal Reserve policy is hard enough, but the central bank may need to dust off its 'How to' guide to explain the nuts and bolts of new tools it will use when it finally starts to raise interest rates.

Ukraine on brink as turmoil hits currency

Ukraine is on the brink of economic disaster as its currency plunges to a four-year low amid political turmoil and a tug-of-war between Russia and the European Union.

Banks Could Still Face Tougher Capital Requirements to Prevent Crises

FRANKFURT — Ever since the end of the 2008 financial crisis, the world’s leaders have searched for ways to shore up the banking system.

Some banks easing lending ahead of stress tests: ECB's Honohan

(Reuters) - Some euro zone banks are restricting lending to boost their performance in financial stress tests this year, a member of the European Central Bank's (ECB) governing council said on Friday.

Noonan Says Moody’s May Lift Ireland From Junk in Early 2014

Ireland’s Finance Minister Michael Noonan said he hopes Moody’s Investors Service will raise the nation’s credit rating from non-investment grade as the country exits its bailout program and plans debt sales.

China's big banks 'faking' their micro loans: Researcher

BOAO: China's big banks are not delivering on their promise to lend more to the smallest firms and are instead "faking" their micro loans, a researcher said on Saturday, suggesting a government drive to increase micro-lending is struggling.

Cyberattacks Seem Meant to Destroy, Not Just Disrupt

American Express customers trying to gain access to their online accounts Thursday were met with blank screens or an ominous ancient type face.

Turkey Central Bank Unveils New Tool to Limit Bank Debt Risk

Turkey’s central bank announced a new policy tool today to limit risks of excessive debt in the banking system by placing higher reserve requirements on banks that fail to meet specified leverage ratios.

Rajoy Upbeat on Aid Plan

MADRID—Spanish Prime Minister Mariano Rajoy on Sunday tried to convince the Spanish public that a European Union financial bailout for their country will help shore up an ailing economy and dispel doubts about the single European currency, but he also warned that it won't prevent the country from staying mired in recession this year or stop more people losing their jobs.