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Financial Crisis

​Financial distress? What distress?

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The M&G went looking for financial distress in South Africa. This is what we found.
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Weary world beggared by borrowing

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About 95 countries are either in a debt crisis or facing one, but South Africa isn't one of them.
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Greek referendum: A yes vote would be messy, a no even messier

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Referendums settle matters definitively, right? Not in Greece. Both outcomes next Sunday would raise as many questions as they answer.
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Global markets plunge as Greece shuts banks

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Markets across the world tumble as Greece orders its banks to shut for a week and imposes capital controls after its citizens emptied ATMs.
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Greek debt crisis: Key points of Athens bank controls

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Greece's Alex Tsipras publishes a decree in the official government gazette setting out the capital controls to be imposed on the country.
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Cracks showing in economic crust

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Reading the International Monetary Fund's half-yearly global financial stability review feels similar to watching smoking volcanoes.
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Eskom is likely to remain in the financial red

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Moody's Investors Service are not holding out on Eskom's finances improving any time soon, and neither should the country.
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Our next financial crisis – due in 2015

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Financial crises come round every seven years or so – if history is a guide, the next crisis should come along some time soon.
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Closer ties needed to avoid future banking crisis

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Policy group calls for banking supervisors to be paid more.
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‘Don’t just blame the bankers for the crisis’

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The outgoing governor of the Bank of England has called on the British people not to "demonise" bankers.
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IMF: World economy risks new phase of financial crisis

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The IMF has warned that the repair job on the world's financial system is partly completed and failure to finish it risks a new phase for the crisis.
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Cyprus President calls on country to share weight of financial burden

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Banks have opened for normal business for the second day, but with strict restrictions still in place on how much money their clients can access.
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Carol-Mari Schulz received the Bachelor of Health Sciences in Occupational Hygiene Top Achiever Award.
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The M&G went looking for financial distress in South Africa. This is what we found.

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