New policy to protect South Africans from financial crisis

2017-06-01 07:25

The South African Reserve Bank and National Treasury have proposed a deposit insurance scheme to protect South Africans in the event of a bank failure.

US markets tumble, extending global rout

2015-08-24 16:30

US stocks have tumbled in opening trade as a global equity slump worsened following another big drop in Chinese stocks.

The next financial crisis is on its way, experts warn

2015-07-03 07:56

The next economic disaster could hit the world soon - and we are not ready for it, economic and financial experts have warned.

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.


Dark pools lose big as volume moves to exchanges

2015-08-24 18:20

Less than 30% of volume in the US stock market has been handled in Wall Street’s more secretive corners, as US stocks continued their plunge.

Global stocks plunge further on China woes

2015-08-24 16:00

Major European and Asian stock markets have slumped and commodity prices hit new lows as a Chinese-led rout spread globally.

Early settlement in rand-rigging probe expected by ex-regulator

2015-06-25 06:35

Antitrust authorities will probably reach a settlement with some of the world’s biggest banks accused of rigging trading in the rand, says an ex-Competition Tribunal head.

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.

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