subprime crisis

 
Judge rejects Citigroup's settlement
Judge rejects Citigroup's settlement
Citigroup faces a day of reckoning in court over its selling of financial instruments in the run-up to the subprime mortgage crisis after a New...
US Senate panel releases Goldman Sachs emails
US Senate panel releases Goldman Sachs emails
A US Senate investigative panel has released several emails that could prove embarrassing to Goldman Sachs as they suggest the Wall Street...
Goldman to argue it was unsure about housing prices
Goldman to argue it was unsure about housing prices
Goldman Sachs is preparing to defend itself against the United States government allegations by arguing that it was unsure where housing prices...
Goldman Sachs charged with fraud
Goldman Sachs charged with fraud
Goldman Sachs Group was charged with fraud by the US Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting...
Detroit homes sell for $1 amid mortgage, car industry crisis
Detroit homes sell for $1 amid mortgage, car industry crisis
Some might say Jon Brumit overpaid when he stumped up $100 for a whole house. Drive through Detroit neighbourhoods once clogged with the cars that...
Tax revenues to fall, says Gordhan
Tax revenues to fall, says Gordhan
South Africa, grappling with its first recession in 17 years, expects tax revenues to decline while higher costs will limit borrowing from capital...
GMSA: 'We're part of the good assets'
GMSA: 'We're part of the good assets'
General Motors South Africa is part of its US parent company's "good assets", GM African operations president and managing director Steve Koch said...
GM trundles toward bankruptcy
GM trundles toward bankruptcy
General Motors will file for bankruptcy on Monday, US officials said, forcing the 100-year-old carmaker once seen as a symbol of American economic...
Once mighty US car industry faces day of reckoning
Once mighty US car industry faces day of reckoning
The once mighty US car industry faces a day of reckoning on Monday with the looming bankruptcy of General Motors and an expected court ruling on...
Reserve Bank says inflation to ease on slowing growth
Reserve Bank says inflation to ease on slowing growth
South Africa's economy will remain lacklustre this year, helping to cool inflation further, although expected large electricity price increases...
After stress tests, banks seek to shed US aid
After stress tests, banks seek to shed US aid
A growing number of banks are eyeing quick repayment of US government capital injections after "stress tests" showed major lenders are healthy...
World economic storm hits Uganda safari tourism
World economic storm hits Uganda safari tourism
As the sky begins to bruise, an indigo haze descends on Uganda's "mountains of the moon", and a solitary lioness limps through the savannah in the...

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