German Finance Minister Open to Splitting Up Universal Banks - Report
German Finance Minister Wolfgang Schaeuble said he is not strictly opposed to splitting up universal banks, according to an interview published Sunday in Welt am Sonntag.
Germany's Seehofer: Not ECB's Job To Support States
The chairman of the sister party of Chancellor Angela Merkel's ruling Christian Democrats Sunday expressed skepticism about the European Central Bank renewing purchases of the government bonds of weakened euro-zone members.
RBS To Be Hit By Extra GBP100 Million For PPI Claims - Report
Royal Bank of Scotland Group PLC (RBS) is set to announce Friday it has put aside an extra 100 million pounds to cover the cost of mis-selling payment protection insurance, the Sunday Times said without citing sources.
Korean Air to Bid for Stake in Korea Aerospace -Report
Korean Air Lines Co. (003490.SE) plans to bid for a stake in Korea Aerospace Industries Ltd. (047810.SE), or KAI, and has recently selected Bank of America Merrill Lynch to manage the deal, the Maeil Business Newspaper reported on its website Sunday, citing sources in the investment banking
HSBC To Provision $200 Million For Money Laundering Scandal - Report
HSBC Holdings PLC (HBC) is expected to make a $200 million provision for costs after the bank came under scrutiny for failing to combat money laundering in its U.S. operations, the Sunday Telegraph reported.
Aviva Receives Unsolicited Offers For US Division - Report
Aviva PLC (AV) has received a number of unsolicited approaches from financial and private equity buyers for its U.S. life division, according to the Sunday Telegraph.
KT Apologizes After 8.7 Million Subscribers' Data Hacked
South Korea's KT Corp. (KT, 030200.SE) apologized Sunday after acknowledging that the personal data for 8.7 million of the company's subscribers had been hacked and said it will devote efforts to prevent any recurrences.
Hyundai Motor to Recall 221,630 Cars in US Due to Potential Airbag Defect
Hyundai Motor Co. Ltd. (HYMLY, 005380.SE) will recall an estimated 221,630 automobiles in the U.S. due to a possible defect in the airbags, according to a posting on the U.S. National Highway Traffic Safety Administration's website.
Women's 10m Air Pistol Results: Guo Wenjun Wins Another Shooting Gold For China
China has claimed another gold medal in the 2012 Summer Olympics with Guo Wenjun's win in Women's 10m Air Pistol.