Q+A - What is shadow banking and why does it matter?

LONDON, Feb & (Reuters) - The shadow banking system makes up 25 to 30 percent of the total financial system, according to the Financial Stability Board (FSB), a regulatory task force for the world's group of top 20 economies (G20). This largely unregulated sector was worth about $60 trillion in 2010, having grown from an estimated $27 trillion in 2002, according to the FSB. While the sector's ...

Why Apple's A5 is so big--and iPhone 4 won't get Siri

A diagram of Audience's sales pitch: identify the speaker's voice and isolate it from background noise. (Credit: Audience) Apple's A5 processor includes noise-reduction circuitry licensed from a start-up called Audience , and a chip analyst believes that fact resolves an iPhone 4S mystery and explains why the iPhone 4 lacks the Siri voice-control system . Audience revealed details of its Apple ...

Citigroup hopes to flood China with credit cards

The financial giant is poised to become the first Western bank to issue its own credit cards on the mainland

Credit Builder Loans Can Help Burnish Your Credit Score

Credit builder loans, offered by credit unions and other institutions, help credit-starved borrowers rebuild or establish a credit history.

On tax reform, a lot of dodging of hard decisions

The problem we have today is that there has been a serious divergence between the size of government that people want and what they are willing to pay for.

S&P president: Why I'm still hopeful about Europe

Douglas Peterson, the president of Standard & Poor's, talks about European downgrades, ratings agency regulation and why he left an investment bank to run a firm trying to restore its reputation.

S&P president: Why I'm still hopeful

Douglas Peterson, the president of Standard & Poor's, talks about European downgrades, ratings agency regulation and why he left an investment bank to run a firm trying to restore its reputation.

Our Amorphophallus is smaller: New plant species from Madagascar smells like roadkill

The famed "corpse flower" plant – known for its giant size, rotten-meat odor and phallic shape – has a new, smaller relative: A University of Utah botanist discovered a new species of Amorphophallus that is one-fourth as tall but just as stinky.

Ryan gets the boot, but Perpetual's problems go further back than him

The decision to replace Chris Ryan speaks about the pressure the board is feeling.

Perpetual board must cop some flak too

The shock decision to replace the Perpetual chief Chris Ryan less than a year after he took the top job speaks volumes about the desperation and pressure the board is feeling to stem the massive share price fall and credibility issues facing the company over the past few years.