The Bank of England gave Britain's state-backed lenders a narrow pass in its debut annual stress tests on Tuesday, but warned that next year banks would face tougher checks of their capital strength and international exposure.
China has launched a fresh security drive that allows it access to all transfers through the state-backed UnionPay credit card to identify suspicious transactions in Macau, the latest move in a crackdown on illicit funds leaving the country, the South China Morning Post reported on Wednesday.
A federal jury in Florida found a former Miami-area mayor guilty of six counts of wire fraud on Tuesday, part of a scheme that used straw buyers and false mortgage applications to collect millions from lenders.
An Iraq War veteran sought in the killing of six family members in Pennsylvania was found dead on Tuesday of "self-inflicted cutting wounds" following a two-day manhunt, authorities said.
