The 2008 financial crisis exposed major gaps in central banks’ operations. New features like quantitative easing have since emerged.
As the economic clouds darken over Europe and the United States, there are concerns a double-dip recession in the West could cast a shadow over Africa
Dexia has become the first casualty of the 2011 banking crisis, with its Belgian arm being bought, providing a €90-billion guarantee for its financing
Legislators call for a €200-billion-a-year financial transactions tax to be levied on banks to discourage speculative trading.
Details on stress tests measuring how well US banks will weather difficult economic conditions are to be disclosed to promote investor confidence.
Japan’s biggest bank Mitsubishi UFJ Financial Group said on Monday that it would cut 1 000 jobs and close 50 branches over three years.
The former heads of banks bailed out by the British state gave unreserved apologies on Tuesday for their conduct, and agreed changes to the bonus system were needed. The deposed…
British lawmakers will quiz top financial journalists on Wednesday about whether they held any responsibility in the banking crisis.
Britain threw its troubled banks their second multibillion-pound lifeline in three months on Monday.
Fallout from the global financial crisis grew in the real economy on Friday with job losses and a backlash against banking chiefs.
A squeeze on dollar funding has eased in Asia after cash injections, but reluctance to lend to South Korean banks underscored jitters.
The US Senate will vote on Wednesday night on a new version of the -billion bailout package for Wall Street
Banks in Africa’s biggest economy, South Africa, have so far been sheltered from the United States financial crisis.
