ING cuts 7,000 jobs and CEO steps down

ING Groep NV, the biggest Dutch financial-services company, announced Monday that it will cut 7,000 jobs Share

Compass Bank to cut 1,200 jobs

Compass Bank, a unit of the Spanish Banco Bilbao Vizcaya (BBVA.MC), said Friday it will shed 1,200 U.S. jobs, Share

As Obama takes oath, Banks plunge deeper into crisis

The shares of major U.S. banks plunged on Tuesday amid fears that Washington’s bailout movements were coming to a stop. Share

Britain announces a second bailout for its banks

In light of the dramatically fragile situation of Britain’s banks, the Government has announced a second bailout for Britain’s banks. Share

Two U.S. banks fail, first casualties in 2009

On Friday, bank regulators shut down two small banks, the first U.S. banks to fail this year Share

World faces “total” financial meltdown

The AFP reports on the interview the governor of the Bank of Spain held with El Pais on Sunday: “The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial...

Depositors picket bank in first Moscow crisis protest

Reuters reports on a recent event in Moscow, where depositors are demanding to be able to withdraw money from their deposit accounts. Share