Crisis: Blame It on Wall Street Hedge Funds

When inquired about the financial crisis, all European leaders had to say was; “Blame it on Wall Street hedge funds, it is their fault”. The argument states that investors made a few slippery bets on Greek debt, things didn’t go as expected and...

UBS posts biggest loss in Swiss corporate history

The Swiss banking giant, UBS posted the worst fiscal year loss ever at a whopping $17 billion Share

ING cuts 7,000 jobs and CEO steps down

ING Groep NV, the biggest Dutch financial-services company, announced Monday that it will cut 7,000 jobs Share

As Obama takes oath, Banks plunge deeper into crisis

The shares of major U.S. banks plunged on Tuesday amid fears that Washington’s bailout movements were coming to a stop. Share

Citigroup loses $8.3 billion

As Citigroup Inc. reported an $8.29 billion quarterly loss this week, they announced the division of their “supermarket” model into: Share

Barclays shares in new collapse

Shares in Barclays and Royal Bank of Scotland plummeted as huge losses at two of America’s biggest financial institutions Share

Citibank bailed out, or problem postponed?

After watching the news yesterday and seeing how Citigroup has been granted a bailout I can’t stop wondering what all this entails. I mean the bank received $25 billion just about a month ago. And on the 24th the Treasury announces another $20...