The list below is a collection of articles that refer to, mention or discuss Financial Crisis.
The European Central Bank (ECB) has at last won the go-ahead to pump- £835 billion into the ailing Eurozone economy. After agonising since 2012, when bank president Mario Draghi promised he would do everything he could to support the flagging Eurozone, nothing happened. Meanwhile, the British and US economies are thriving after bouts of quantitative … Read more
Property prices and rents are still spiralling downwards as few properties are changing hands in Cyprus due to fall out from the Mediterranean island’s banking crisis, says the Royal Institution of Chartered Surveyors. The latest RICS survey of property prices shows a drop across the board – regardless of location or property type. Worst hit … Read more
Lauded by many of the world’s most important bankers and money managers yet ostracised by China’s financial illuminati, Charlene Chu has nevertheless been consistent in her statement: That the Chinese banking system will, without a doubt, collapse to some degree due to its massive, unsustainable lending. Working out of Beijing, Chu has tirelessly campaigned to … Read more
One of the UK’s last ‘generous’ pension schemes is planning to cut pension costs and reduce the burden on its GBP 85 million pension deficit. The John Lewis Partnership, which owns both John Lewis and Waitrose, plans to offer workers a less costly hybrid scheme which combines defined benefit and defined contrition elements. The company … Read more
Europe’s largest banks are to prove their capital will not fall below 5.5% of their assets during an economic crisis, the European Banking Authority (EBA) – the Europe’s primary banking regulator – has said. This includes Britain’s four biggest banks – Barclays, HSBC and bailed-out Lloyds Banking Group and Royal Bank of Scotland – who … Read more
Having dropped to 7.1%, the UK’s new unemployment rate may force the Bank of England to reconsider raising interest rates. The total number of unemployed fell by 167,000 in the three months to November to 2.32 million. New data from the Office for National Statistics (ONS) also showed that the total number of individual claiming … Read more
Unlimited amounts of prostitutes, midget tossing, unbridled debauchery, class ‘A’ drugs and Quaaludes. It was just another day in the office for Jordan Belfort, founder of the GBP 150 million stockbroking empire Stratton Oakmont in the late 90s, and now, basis of the internationally acclaimed film The Wolf of Wall Street. After being indicted in … Read more
An Icelandic court has sentenced four former Kaupthing bosses to prison for market abuses relating to a Qatari sheik, the global credit crisis and a 5% stake in Iceland’s biggest bank. The story For years before its 2008 collapse, Kaupthing and the country’s other major banks had frequently pursued expansion plans abroad, yet by the … Read more
The Republic of Ireland, having been only the second European nation requesting and accepting a bailout, is now ready to exit the eurozone’s financial rescue programme. Instead, Ireland will begin funding itself via the international and domestic markets. “We are confident we are making a clean exit,” said Michael Noonan, the country’s Finance Minister. “We … Read more
Greece’s Parliament passed their 2014 budget early on Sunday which predicts a return to growth – albeit a timid one. It took several days of debate to pass the budget, which details EUR 3.1 billion in state spending cuts and EUR 2.5. billion in additional tax revenue. This is in spite of a reluctance from … Read more