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.

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.

China imports slump raises demand worries

2012-02-10 11:53

January imports to China fell the most since the height of the global financial crisis, raising concerns about demand and its ability to support the global economy.

JPMorgan reports lower Q4 profit

2012-01-13 14:38

JP Morgan Chase says fourth-quarter profit was sharply down, as the eurozone debt crisis weighed on trading and corporate deals.

EU bank watchdog eyes binding bonus rules

2012-01-05 16:12

The European Banking Authority says tighter regulations to curb excessive bank pay will be a priority over the next two years.

France leads world as gloomiest over economy

2011-12-23 08:54

The French are the most pessimistic in terms of economic outlook, a global poll has found.

IMF urges emerging markets to boost defences

2011-12-20 10:20

International Monetary Fund MD Christine Lagarde says developing countries should shore up barriers against a possible European recession next year.

Clegg renews attack on bank bonuses

2011-12-19 08:04

Britain's Deputy Prime Minister Nick Clegg is expected to warn banks that the government will clamp down on excessive bonus payments to top executives of bailed-out banks.

Report urges tougher rules on bank M&As

2011-12-12 13:30

Britain's financial watchdog says there should be new, tighter rules on bank takeovers in a report examining Royal Bank of Scotland's near collapse.

Germany slates G20’s approach to crisis

2011-12-12 12:29

German President Christian Wulff has criticised efforts by the Group of 20 nations to contain the global financial crisis, saying they were too small in scale.

US private sector jobs grow

2011-11-30 18:55

US private sector job growth accelerated in November as employers created the most jobs in nearly a year.

Bankers brace for fewer SA corporate bonds

2011-11-30 11:46

SA bankers who arrange corporate bonds are preparing for another lean year as fears about the global economy are likely to curb company borrowing.

Moody's: Outlook for SA banks stable

2011-11-29 10:18

Rating agency Moody's says the forecast for local banks is stable and will be driven by benign macroeconomic conditions.

Zuma urges opening up of world economy

2011-11-03 18:36

Developing countries had become bystanders of the financial crisis and global markets must become more receptive to them, says President Jacob Zuma.

Geithner in crunch eurozone talks

2011-09-16 08:33

US Treasury Secretary Timothy Geithner has arrived in Poland for crucial talks with eurozone finance ministers, as they scramble to douse the Greek debt fire.

Goldman slumps as CEO retains lawyer

2011-08-23 10:49

US banking giant Goldman Sachs says its top executive has retained a lawyer in connection with a senate probe into the mortgage meltdown and global crisis.


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.

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.

Moody's threatens 17 banks with downgrade

2012-02-16 10:37

Rating agency Moody's says it may cut the credit ratings of 17 global and 114 European financial institutions with exposure to the eurozone debt crisis.

Ex UBS trader faces trial

2012-01-30 15:01

Former UBS trader Kweku Adoboli has pleaded not guilty to fraud and false accounting and is in custody until his trial in September.

Nationalised RBS to cut more jobs

2012-01-12 15:34

Royal Bank of Scotland, which is majority owned by the state, is to lay off staff in its Irish unit in addition to the axing of 3 500 investment bank jobs.

Morgan Stanley to lay off more US staff

2011-12-28 12:55

US investment bank Morgan Stanley is to add to the 1 600 retrenchments it has already announced.

UK economy grows faster than forecast

2011-12-22 11:56

The British economy unexpectly expanded more than expected in the third quarter thanks to stronger services and construction output.

Eurozone target in danger as UK declines

2011-12-20 08:01

Eurozone ministers have agreed to boost IMF resources by €150bn to stave of its debt crisis but it was unclear if it would reach a €200bn target after Britain bowed out.

Britain to accept proposed bank reforms

2011-12-19 07:56

The British government is expected to give full support to proposals by an independent commission on a shake-up of its banking industry.

EU tensions mount after pact disappoints

2011-12-12 12:50

A deal last week gave markets only a brief respite from jitters over the eurozone debt crisis and pressure is piling up on the eurozone again.

Standard, Nedbank earn kudos

2011-12-01 16:52

Standard Bank has been named bank of the year in Africa and Nedbank has won a local award.

Central banks act as euro crisis rages

2011-11-30 16:46

Major central banks have jointly provided cheaper dollar liquidity to starved eurozone banks facing a credit crunch as the debt crisis threatens more disaster.

EU draft law to shake up audit market

2011-11-29 16:13

The European Union plans a revamp of rules for auditors which is expected to ease the domination of the "Big Four" auditing firms.

Architect of Wall St reform to retire

2011-11-28 17:51

US Democratic Representative Barney Frank, the author of landmark regulations policing Wall Street, will not stand for re-election next year.

US to sue banks over mortgage securities

2011-09-02 07:38

The agency that oversees US mortgage markets is preparing to file suit against big banks accused of misrepresenting mortgage quality, a newspaper reports.

Eurozone crisis and SA

2011-07-12 21:49

If Europe's dominoes tumble, it will hit the economy, says Greta Steyn.

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