The turmoil, which some say was inevitable given aggressive hiking cycles, exposes the dependency of advanced economies on cheap credit
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Global growth has been surprisingly strong, but the surge in buybacks is limiting expenditure and could cause more political turmoil
Hyper-cartels now determine the global market, feeding the few and starving the many
A decade of unconventional monetary policy has stored up immense vulnerabilities in the world economy
Once called the "dark continent", Africa is now better known as the next growth frontier and is ripe for investment opportunities
Ireland was the Icarus economy. An export sector that does not rely on banks for funding has managed to keep the economy afloat.
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/ 13 September 2011
In the long run, the 15 September 2008 collapse of Lehman Brothers is likely to be seen as more significant than the fall of the Twin Towers.
If Athens reneges on its debts it will shatter the markets’ confidence in the eurozone project.
Lehman Brothers Holdings used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008.
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/ 22 September 2009
For the next four weeks, the fear that any bank anywhere, no matter how big, could be at risk would stalk the markets.
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/ 15 September 2009
United States President Barack Obama bluntly warned on Monday that some Wall Street bosses were ignoring lessons of the financial crisis.
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/ 14 September 2009
Barack Obama will push for stricter oversight of Wall Street, using the anniversary of Lehman Brothers’ collapse to argue for sweeping changes.
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/ 11 September 2009
For Barclays and Nomura, the collapse of Lehman Brothers was the opportunity of the lifetime — a chance to grab a seat at banking’s top table.
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/ 15 October 2008
Chiu Hei-chun spent 50 years washing dishes at a roadside stall in Hong Kong only to lose his life savings when Lehman Brothers went belly up.
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/ 14 October 2008
Having sabotaged eco-innovations, the motor industry is now demanding billions, writes George Monbiot.
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/ 13 October 2008
Governments around the globe launched a multi-pronged attack on the finance crisis on Monday, with markets enjoying record one-day rises.
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/ 23 September 2008
The architects of a -billion bailout for the United States financial system urged lawmakers on Tuesday to move quickly.
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/ 23 September 2008
If this is the death of Wall Street as we know it, the tombstone will read: killed by complexity.
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/ 21 September 2008
The Bush administration asked Congress on Saturday for -billion to bail out firms burdened with bad mortgage debt.
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/ 21 September 2008
The JSE lost 7% in the first three days of this week as the world faced the biggest financial meltdown since 1929.
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/ 20 September 2008
A US bankruptcy judge has approved a revised version of British bank Barclays’s deal to purchase the core US business of Lehman Brothers.
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/ 19 September 2008
A US government promise to rescue Wall Street from its debt crisis and global central bank intervention spurred a mass market rally on Friday.
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/ 19 September 2008
Who’s to blame? Indebted Americans? Alan Greenspan? Slack credit rating agencies? Greedy and overpaid chief executives?
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/ 19 September 2008
The US said on Thursday it was putting together a rescue plan to clear away the bad debt that has caused the worst financial crisis in decades.
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/ 18 September 2008
Global central banks clubbed together on Thursday to add extra dollar funds to global money markets in a bid to bring down high market interest rates.
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/ 18 September 2008
Morgan Stanley became the next great Wall Street name in peril on Thursday with reports it was in talks to be bought by Wachovia Corporation.
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/ 17 September 2008
Capping an extraordinary day in financial markets, US authorities pieced together an emergency -billion rescue of insurance company AIG.
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/ 16 September 2008
Global equities tumbled for a second day running on Tuesday as anxious investors kept an eye on troubled US insurance giant AIG.
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/ 16 September 2008
Barclays said on Tuesday it was in discussions with Lehman Brothers about buying certain assets of the stricken United States investment bank.
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/ 15 September 2008
United States stocks were in a dramatic sell-off on Monday morning amid a widening credit crisis.
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/ 15 September 2008
Lehman Brothers has filed for bankruptcy protection, after trying to finance too many risky assets with too little capital.
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/ 13 September 2008
The Federal Reserve Bank of New York held an emergency meeting on Friday to discuss recent market developments, a Fed official said.