India: The Indian rupee is bound to plummet to 68 per dollar if the US lawmakers do not come to a conclusion on increasing the debt ceiling.
Banking giant JP Morgan Chase was off the internet this afternoon owing to distributed-denial-of-service attack.
Seems Anonymous is hell bent on living up to its promise made last year that it is not down and out, and that it will make 2013 an eventful year. Well, in another daring, high profile scoop, it has leaked sensitive Bank of America data and unearthed evidence of surveillance by the top bank.
The three biggest US banks are busy in discussions to connect the payment networks.Plans are in pipeline to link digital payment systems with each other to get a relief from the cash and cheque payments. This will help more number of consumers to easily transfer cash payments with the help of messages sent from mobile phones and electronic mail.
Efforts by Greece to avoid defaults on its payments notwithstanding, US companies have already started preparing contingency plans to brace for imminent Grexit, the likely scenario of Greece exiting the Euro.
Business upheaval for Facebook Inc.! The popular social networking site drooped to a confirmed low on Friday after the price targets of the stocks were slashed by a couple of brokers.
It's going to be a tough new year for many at Morgan Stanley. The Wall Street bank has disclosed plans to cut 1600 jobs in the first three months of the coming year.
Buffeted by public outrage, Bank of America Corp. (NYSE: BAC) is reported to be considering ways to allow customers to escape its proposed $5 monthly fee for debit card usage.
Fitch Ratings has downgraded three European banks and put another seven lenders on the negative watch list.
According to the data collected by Bloomberg News, the five biggest home lenders of the country would face a loss of at least $65.7 billion due to the faulty mortgages and the foreclosure abuses.