HSBC Chairman to Step Down

HSBC's Chairman Stephen Green will step down to become U.K. Trade Minister, with no immediate plan to name a permanent replacement for him at the bank, according to people familiar with the matter.

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Concerns Over EU Banks Hit Euro

The euro fell after The Wall Street Journal reported that European bank stress tests underestimated the exposure of some major banks to sovereign debt.

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BOJ Stands Pat, Will Ease Further if Needed

The Bank of Japan held its super-easy monetary policy steady but reaffirmed it will take action if a surge in the yen imperils Japan's fragile economy.

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Bank Shares Fall in Europe

European stocks fell, with banks in focus after a Wall Street Journal article on European stress tests raised fears about lenders' exposure to sovereign debt.

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Barclays Taps Diamond as CEO

Barclays elevated Robert E. Diamond Jr. to chief executive in a move that installs an American at the helm of the venerable British banking institution.

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