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.

India, 20 others set up Asian Infrastructure Investment Bank

India along with 20 other countries on Friday signed an agreement to become founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) to aid the infrastructure development in the Asian region and reduce the dependence on Western-dominated World Bank and IMF.

Bank of England chief Mark Carney warns of rising inequality as average US chiefs’ pay tops $10m

The Bank of England’s Governor Mark Carney has warned that a more unequal society was “amplifying the rewards of the superstar” as he pledged to help build a “more trustworthy” capitalism.

China's crackdown on risky lending raises economic growth fears

China's economic growth could drop below 7% this year after government documents revealed plans for a crackdown on risky lending.

China's banks warned to be prudent in setting rates

BEIJING: Chinese banks took control of setting loan interest rates on Saturday as the country's central bank warned them to be prudent and alert to credit risks.

The NFEC Warns: 2012 May Bring New Global Economic Concerns, which Adds Additional Reasons to Teach Money Management Lessons to Kids

The National Financial Educators Council encourages communities to teach money management lessons to proactively address the global economic crisis.