The Reserve Bank has imposed a penalty of Rs 4 crore on Citibank for non-compliance with various regulatory norms and directions of the central bank.

The Chinese unit of European banking giant BNP Paribas SA was fined 2.7 million yuan ($378,200) by China’s central bank for failure to verify client identification and report large and suspicious transactions as required.

Washington’s declaration this week that Hong Kong is no longer sufficiently autonomous from China was a historic moment with potentially far-reaching consequences for the finance hub — though much depends on President Donald Trump.

…Massive stimulus efforts from governments and central banks kick-started a huge rally in stocks from the depths of the coronavirus crisis. Now a sense of progress back towards normality and of control…

Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard.

U.S. Federal Reserve Chairman Jerome Powell said Friday that he is concerned about a second wave of COVID-19 infections.

Movie legend Clint Eastwood turns 90 on Sunday, but don’t count on the famously stoic and hard-working star of \

Warner Music Group’s planned IPO speaks to the resilience of the Big Three record labels, which owe a lot to the rise of streaming.

With states warily reopening their economies, some indicators are looking up. Also, the Fed’s moves are helping the nation now, but could hurt it later.