Marcus: Financial crisis not over

2013-08-21 09:25

SA has yet to emerge from the global financial crisis and the impact of the downturn has had ramifications across society, Reserve Bank governor Gill Marcus says.

Six million jobs lost in EU since 2008

2013-04-08 15:09

European Union economies have shed almost six million jobs since the global economic crisis struck in 2008, the International Labour Organisation says.

Shades of 2008

2012-06-27 07:11

Could the eurozone crisis lead to a replay on steroids?

Gordhan: SA financial sector resilient

2012-05-18 13:33

The country's financial sector proved exceptionally resilient during the global financial crisis but risks remain, says Finance Minister Pravin Gordhan.

China's Wen sees risks to global recovery

2012-04-26 10:45

China's Prime Minister Wen Jiabao says while the global economy has improved, the recovery is still fragile.

UK economy in first double dip since 1970s

2012-04-25 10:53

Britain's economy has slid back into its second recession since the financial crisis after output unexpectedly slowed in the first quarter of this year.

Goldman ups earnings, raises dividend

2012-04-17 14:28

Goldman Sachs has reported higher-than-expected quarterly earnings on the back of cost-cutting and strong investment banking and trading revenues.

JPMorgan to be fined over Lehman demise

2012-04-04 11:03

A US regulator is set to file a civil case against JPMorgan for actions linked to the demise of Lehman Brothers, reports the New York Times.

Goldman battles fallout on 'toxic' culture

2012-03-15 10:38

A withering attack by SA-born banker Greg Smith on Goldman's "toxic and destructive" culture is the latest blow for the much-reviled Wall St titan.

Lloyds, RBS announce 1 900 job cuts

2012-03-13 16:59

Unions want the British government to intervene in plans by Lloyds and Royal Bank of Scotland, which are partly state-owned, to axe 1900.


Student makes luminaries eat their words

2013-04-18 09:21

An economics student took on two eminent Harvard economists after finding glaring errors in an influential research paper - and won the battle.

Global shadow banking hits $67 trillion

2012-11-19 15:08

The system of so-called shadow banking blamed for aggravating the global financial crisis grew to $67 trillion globally last year.

G8 leaders hope Greece remains in Eurozone

2012-05-20 13:27

President Barack Obama says the US and other G8 members agree Europe's financial crisis must be addressed with a mix of growth and austerity measures.

Eurozone woes dog banking sector

2012-04-26 11:11

Despite a first quarter bounce, banks in the single-currency area remain wary as some have been hit by losses on Spanish property and fragile markets.

HSBC revamp to cut jobs in UK

2012-04-25 16:50

A source has told that Reuters Europe's largest bank, HSBC, is set to cut about 2 000 jobs in Britain as part of a drive to curb costs and boost profitability.

Recovery reversal

2012-04-19 07:00

Should we worry about a double-dip or new recession?

Citigroup profits beat forecasts

2012-04-16 16:16

Citigroup has posted a rise in first-quarter profit, buoyed by capital markets and an improving economy.

European client pans Goldman

2012-03-16 10:48

A top European asset manager has lashed out at Goldman Sachs for taking too long to reassure clients after a former staffer claimed they were called muppets.

Goldman banker slams 'rip-off' culture

2012-03-14 17:33

A Goldman Sachs banker has sharply criticised the bank as "toxic and destructive" in an article in the New York Times announcing his resignation.

King: Banks in denial over failures

2012-03-12 13:10

Bank of England governor Mervyn King says banks are in denial over their failure with the financial crisis and the need to restructure their existing model.

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