iran

A Look at Back at Bank Scandals Since the Financial Crisis

Even before the LIBOR scandal hit, the financial industry's image was already badly tarnished by its leading role in causing the global financial crisis and recession. Here's a look at some of the low points for banking and bankers since the start of the financial crisis.

HSBC to Pay $1.9 Billion to Settle Money-Laundering Case

HSBC agreed Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank will pay the biggest penalty ever imposed on a bank after facing accusations it transferred funds through the U.S. from Mexican drug cartels and on behalf of nations such as Iran that are under international sanctions.

Syria Is Burning, but Still a Better Place to Invest Than Greece

Syria's ongoing civil war has claimed more than 28,000 lives, left 1.5 million people homeless, and sent 500,000 Syrians into exile. But as far as CFOs are concerned, it's still a better place for foreign investment than debt-battered, austerity-riven Greece.

Obama Seeks Cash as Romney Expresses Confidence

President Barack Obama made a cross-country swing for cash and Hispanic support Monday amid signs that Republican rival Mitt Romney is cutting into his lead in some key swing states as the campaign enters its final four weeks.

UK Bank That Hid Iran Dealings Is Fed Up With 'F---ing Americans'

From 2001 to 2010, British bank Standard Chartered conspired with Iran to hide roughly 60,000 transactions involving at least $250 billion. And when they were called out by New York regulators for the possibility that this might have been illegal, their response was blunt ... and profane.

ING Pays $619 Million to Settle Sanctions Evasion Case

Dutch bank ING Bank NV will pay $619 million to settle charges that it secretly moved billions of dollars through the U.S. financial system on behalf of Cuban and Iranian customers, in violation of U.S. sanctions.

Oil Prices Hit 8-Month Low as Spain Optimism Fade

The price of oil hovered above $82 a barrel Tuesday after touching an eight-month low near $81 earlier in the session amid concern Spain's bank bailout won't be enough to stem Europe's debt crisis and suggestions OPEC could boost production targets.

Iran Cut Off From Global Financial System

Iran was largely cut off from global commerce on Thursday, when the company that handles financial transactions said it was severing ties with many Iranian banks %u2014 part of an international effort to discourage Tehran from developing nuclear weapons. The action is meant to enforce European Union sanctions, as global financial transactions are impossible without using SWIFT, and will go a long way toward isolating Iran financially.

5 Reasons We'll See $4 Gas by Memorial Day

Gas prices dropped at a pretty good clip in the latter half of 2011 -- down around 20% to about $3.25. Hope you enjoyed it while it lasted, because gas is back on the rise. It's near $3.50 now, and the key trends all signal that it'll keep going higher.

7 Ways Inflation Will Hit Americans in 2012

With the economy still trying to muster a recovery, and unemployment still around 8.5%, any price increases are painful. And just a month into 2012, a spate of headlines points to more hurt ahead. Here are seven ways inflation will be digging into your wallet this year:

Why Gas Could Hit $5 a Gallon This Summer

If you think you're paying a lot at the gas pump now, just wait until summer hits. Stronger demand could lead to record gas prices as an economic recovery takes hold and turmoil in the Middle East sends the price of oil upward. How high? $5 a gallon isn't out of the realm of the possible.

How to Heat Your Home for Free (or Profit) This Winter

Like they say: If you can't beat 'em, join 'em. With the price of home heating oil on the rise, and likely to go on rising due to global politics, now might be a good time to place a bet on oil to hedge against the costs of keeping the homestead warm.

Five Ways the Government Could Make Oil Prices Fall

Fears over Mideast turmoil have pushed oil and gas prices sky high, which risks tipping the U.S. economy back in to a recession. But the government isn't powerless when it comes to oil prices: Here are five things that Washington and the states can do that would quickly reduce our pain at the pump.

It May Be Time to Get Used to Costly Gas Prices

And that means it may be time for owners of gas-thirsty SUVs and cars to start considering the switch so many Americans are loath to make: to a far more fuel-efficient vehicle. Looking out over the next several years, it's hard to see oil -- and gasoline -- falling back to earlier lows.

Mideast Protests Could Send Investors Scurrying

In the long run, the changes being demanded in the Mideast may prove to be a cornerstone of further global economic growth and political stability. More immediately, though, the uprisings are likely to create the exactly the type of uncertainty that investors dread.

Iraq Raises Proven Oil Reserves 24%

Iraq raised its level of proven oil reserves by 24% in the first revision since Saddam Hussein was toppled from power. The country has 143.1 billion barrels of known and extractible oil, compared with 115 billion barrels at the end of Saddam Hussein%u2019s reign, BBC News reported

Iran President Ahmadinejad: Capitalism Nearing an 'End'

Global capitalism is near death and the world needs a new economic system, according to Iranian President Mahmoud Ahmadinejad. He did not offer an alternative, but called for a "just and humane order in the light of which the rights of all are preserved and peace and security are safeguarded."

Twitter Attacked by 'Iranian Cyber Army'

Twitter, the Web wunderkind with a $1 billion valuation, was attacked Thursday night by a group calling itself the "Iranian Cyber Army." The cyber attack was an alarming injection of apparent geopolitics onto the world's biggest social messaging service. The hackers, who took over Twitter's website for several hours, left a somewhat incoherent message that seemed to threaten the U.S.