Bank’s volunteers teach kids to save money

money-lending-nb

Bank’s volunteers teach kids to save money…

Seven cities in China raise minimum wage

(AP)

Seven cities in China have raised their minimum wage. The highest is approximately US$300 a month…

Japan increases sales tax

(AP)

Japan increased its sales tax from 5 percent to 8 percent on Tuesday, first time in 17 years…

Hundreds rush to Chinese bank amid bankruptcy rumors

Jiangsu-bank-nb

Hundreds of people rushed to a bank to withdraw money in China amid rumors that the bank is going bankrupt…

US sues 16 big banks that set key rate

fdic

The U.S. Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate…

China picks owners for 5 new private banks

china-money-nb

Ten companies including Internet giants Alibaba and Tencent have been picked to invest in China’s first five privately owned banks…

Average Wall St. bonus over $164K

Adam Heckendorn

New York’s state comptroller says the average bonus paid to securities industry employees in New York City grew 15 percent…

China may ax interest rate controls within 2 years

china-money-nb

China is likely to ease controls on interest rates paid on bank savings within two years, the central bank governor said Tuesday…

Bay Area unemployment increases slightly in January

jobs-nb

Unemployment rates in the Bay Area increased slightly from December to January despite jobless numbers decreasing nationwide…

Albertsons’ parent company Cerberus to buy Safeway

Safeway has agreed to be acquired by an investment group led by Cerberus Capital Management…