A large bipartisan slate of U.S. senators urged European Union officials to authorize the body's central bank to shut Iran out of its money transfer system.
Stanley Fischer is stepping down from his position as governor of the Bank of Israel.
The World Bank called on donors to act “urgently” to prevent a “deepening fiscal crisis” in the Palestinian territories.
A senior banker at one of Australia's largest investment banks apologized for suggesting that Hitler was a great visionary.
A Japanese bank has halted transactions by the Iranian government in response to a U.S. court ordering a $2.6 billion asset freeze over the 1983 bombing of the U.S. Marines barracks in Beirut.
A call by Germany's top Jewish leader for the European Iranian Bank of Commerce in Hamburg to be shut down was echoed by the German government. Shortly after Dieter Graumann, head of the Central Council of Jews in Germany, made his statement to the Handelsblatt online newspaper, the government of Angela Merkel announced that no further payments from India for Iranian crude oil may go through the German banking system.
With Yasser Arafat's burial, he took with him one of the enduring secrets of the Palestinian regime -- the whereabouts of a missing fortune in ill-gotten public funds.
Has unremitting pressure on the Swiss government and its banks byAmerican Jewish organizations and supportive politicians becomecounterproductive, or will only constant prodding move the Swiss todo the right thing?