Major progress achieved in banking reform: regulator
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China&#39;s top banking regulator said here Wednesday that the country has made &quot;tremendous&quot; progress in the reform of the banking industry characterized by a drastic dropin both the amount and ratio of non-performing loans.
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Business & money: Reforms don't go far enough, say actuaries, as closure of final-salary schemes causes concern
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On Thursday, new regulations designed to speed up the check-processing system took effect. The Check Clearing for the 21st Century Act lets financial institutions exchange electronic images of consumers&#39; checks
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Regulators have reached an agreement in principle on how to revamp a contentious accounting rule that cost businesses millions of dollars more than anticipated, removing a pair of major stumbling blocks attacked by consumer advocates.
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Bank of England Governor Mervyn King won a second term as head of Britainâs central bank.
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The Bank of England acts to ease the credit crunch hitting financial markets, allowing banks to deposit more funds with it.
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Global finance chiefs on Saturday made progress on reforms that would give emerging economies a greater say in the International Monetary Fund and expressed confidence they could seal a deal next year.
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NASA officials said Thursday that they had made significant progress in making shuttles safer and changing the way they do business.
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Regulators hailed the arrests, made during a  nationwide crackdown on tainted food, drugs and agricultural products, as a major step forward for consumer safety.
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Officials at the Federal Deposit Insurance Corp. yesterday pronounced Massachusetts&#39; banking industry to be in ``very good shape,&#39;&#39;despite some pressure on profits and slower-than-expected loans to small businesses.
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The government faces calls to overhaul the way banks are monitored after a report into the  Northern Rock crisis.
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Regulators hailed the arrests, made during a nationwide crackdown on tainted food, drugs and agricultural products, as a major step forward for consumer safety.
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A consortium led by Citigroup Inc.   has won final regulatory approval for its $3.1 billion  purchase of 85.6 percent of Guangdong Development Bank (GDB),  the China Banking Regulatory Commission said on Monday, paving  the way for a restructuring of the troubled southern China  lender.
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New reforms aim to avert another Rock-style crisis as consumers and firms face worsening of credit supply
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Tuesdayâs report said the Chinese had made strides in revaluing their currency, but that the progress was âconsiderably less than is needed.â
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Social services provided by local councils in England is steadily improving, a report suggests.
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Chancellor Alistair Darling says the UK's system of banking regulation needs to be changed after the run on the Northern Rock.