Now playing Next Business Series Credit Suisse write-offs hit profit, drag down shares Credit Suisse has reported its first full-year loss since 2008 due to big write-offs at its investment banking business, sending its share price tumbling. 04/02/2016
Now playing Next Vatican "The Devil's Job": ex-Vatican Bank chief Tedeschi on finance and morality Italian economist and banker Ettore Gotti Tedeschi was president of the Vatican’s Bank at a time of turmoil from 2009 to 2012. Amid a 04/02/2016
Now playing Next Economy SWIFT return to international bank transfers for Iran's banks Iranian financial institutions are back in the global banking business, now able to use the "worldwide transaction network SWIFT for moving money and letters of credit. 01/02/2016
Now playing Next Business Series HSBC freezes salaries and hiring Europe's largest lender, HSBC, has confirmed it is imposing a hiring and pay freeze across the bank globally in 2016. 01/02/2016
Now playing Next Business Series Further RBS 'clean up' charges mean no profit again this year Royal Bank of Scotland is trying to put its troubled past behind it by making a 3.6 billion pound provision to top up its pension fund and make amends for British and US mis-selling. 27/01/2016
Now playing Next Economy Italy reaches deal with Brussels over bad bank loans An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis. 27/01/2016
Now playing Next Business Series Deutsche Bank posts a record €6.7bn loss for 2015 Deutsche Bank shares plummeted some ten percent after warning it would report a record loss for 2015. 22/01/2016
Now playing Next Economy Barclays slashes jobs at investment banking division Barclays will cut about 1,000 jobs in investment banking worldwide as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns. 21/01/2016
Now playing Next France French tax avoidance probe takes a new turn French tax authorities have discovered more than 38,000 secret French accounts containing 12 billion euros worth of assets in the Swiss bank 21/01/2016
Now playing Next China World Bank rival launched in Beijing The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led 17/01/2016
Now playing Next Economy European economies face harsh headwinds from China Headwinds from China again for European economies. As China’s financial markets remain relatively closed exposure for banks is limited, but trading 07/01/2016
Now playing Next United Kingdom UK: investment banks pay little or no tax, analysis shows Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in 23/12/2015
Now playing Next Economy Markets positive ahead of US Fed's crucial interest rates decision Markets have been positive in the run-up to the long-awaited interest rate decision by the US Federal Reserve. The US central bank is widely tipped 16/12/2015
Now playing Next Economy Inflation data boosts Federal Reserve rate rise expectations The Federal Reserve’s two-day meeting to set interest rates that could see the first rise since before the financial crisis ends on Wednesday. An 15/12/2015
Now playing Next Economy Protests in Italy after savers lose money over banks rescue The Italian government faces growing protests over the rescue of four banks which saw thousands of investors lose money. The Economy Minister Pier 15/12/2015
Now playing Next Economy RBS and Standard Chartered pulled up but British banks pass stress tests A Bank of England stress test has singled out two British institutions – the Royal Bank of Scotland and Standard Chartered – for not having enough 01/12/2015
Now playing Next Economy Barclays fined 103m euros for failing to run checks on rich clients Barclays has been fined 72 million pounds (103 million euros) for failing to run proper checks on rich clients to prevent financial crime. Britain’s 26/11/2015
Now playing Next France France to clamp down on the financing of terrorism France will ask for a new EU directive on money laundering and terrorist financing to be pushed through at a swifter pace. At a press conference in 23/11/2015
Now playing Next Economy Britain offloads Northern Rock loans in biggest European state asset sale Britain has sold 13 billion pounds (18 billion euros) worth of loans once held by former mortgage lender Northern Rock, which was nationalised during 13/11/2015
Now playing Next Economy UniCredit to offload 18,200 posts in latest European bank overhaul UniCredit has become the latest major European bank to announce a major overhaul as part of its strategic plan – involving some fairly major lob 12/11/2015