• Bowing to demands from Prime Minister Shinzo Abe, the Bank of Japan announced Thursday that it would reconfigure its policies to double the money supply.

    LAST UPDATE : Apr 04, 2013, 3:43 AM EDT
  • DURBAN, South Africa (AP) — Leaders of the five BRICS nations fueling global economic growth agreed Wednesday to create a development bank to help fund their $4.5 trillion infrastructure plans — a direct challenge to the World Bank that they accuse of Western bias.

    But the countries were unable to agree on some basic issues. Foreign Minister Pravin Gordhan of South Africa told reporters that there were "different views" about how much capital such a bank would need.

    LAST UPDATE : Mar 27, 2013, 1:02 PM EDT
  • The chief executive officer of the Swiss banking giant Credit Suisse, Brady Dougan, gives a press conference on November 1, 2011

    Switzerland's second-largest bank says it's acquiring Morgan Stanley's wealth management businesses in Europe, the Middle East and Africa. 

    LAST UPDATE : Mar 27, 2013, 10:24 AM EDT
  • People queue at an ATM outside a closed Laiki Bank branch in capital Nicosia, Cyprus, Thursday, March 21, 2013.

    The European Central Bank warned that it would pull the plug on the country's banks at the start of next week if no bailout deal is agreed.

    LAST UPDATE : Mar 21, 2013, 2:00 PM EDT