China to lead world economic recovery

A recent World Bank report has suggested that amongst the world’s major economies Share

British economy still in the grip of recession, shrinks by 0.4 percent in Q3

The British economy could not live up to the expectations of the analysts Share

3 regional bank failures bring US national tally up to 72

Two banks in Florida and one in Oregon failed Friday, bringing the US national tally to 72 Share

World recession easing, sluggish recovery in sight, says IMF

The world is starting to pull out of its first recession since World War II, said the International Monetary Fund in its latest report released Wednesday. According to the latest report, the global economy was already stabilizing, the financial crisis...

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...

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

Compass Bank to cut 1,200 jobs

Compass Bank, a unit of the Spanish Banco Bilbao Vizcaya (BBVA.MC), said Friday it will shed 1,200 U.S. 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

Britain announces a second bailout for its banks

In light of the dramatically fragile situation of Britain’s banks, the Government has announced a second bailout for Britain’s banks. Share

Two U.S. banks fail, first casualties in 2009

On Friday, bank regulators shut down two small banks, the first U.S. banks to fail this year Share