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Tag Archives: financial crisis
Al Jazeera In the wake of the bank rate-rigging scandal, Bob Diamond, Barclays chief executive, announced his resignation from the post with immediate effect, on Tuesday. In a statement, Diamond, who faced mounting calls to step down, said he made … Continue reading
Blog of Legal Times Sen. Chuck Grassley (R-Iowa) is pushing the Department of Justice for details on what it has done to pursue criminal charges against the major Wall Street banks and executives who he says are responsible for the … Continue reading
VPRO International Shortly after the beginning of the financial crisis of 2008 sociologist Manuel Castells gathered a small group of international topintellectuals to ponder the crisis. While the crisis expanded, Castells named his group ‘The Aftermath Network’, a reference to … Continue reading
While most of Europe is mired in financial crisis, the German state of Bavaria is booming. As exports rise and unemployment reaches a 20-year low, they wonder why the Greeks can’t follow their lead. As the rest of Europe is … Continue reading
Andrew Rettman EUObserver BRUSSELS – European Commission chief Jose Manuel Barroso has told the Chinese public that the EU is going to become a fully-fledged “political union” after the financial crisis. Speaking to TV cameras after a meeting with Chinese … Continue reading
Source: AlterNet Prosecutors like Eric Schneiderman need cops on the beat to put financial crooks behind bars. But thanks to Bush, these cops are missing in action. American Public Media’s “Marketplace” had a recent segment focused on why it has … Continue reading
Source: SMH Australia’s banks will endure mandatory stress tests imposed by the International Monetary Fund (IMF) to ensure they can withstand another financial crisis. The IMF has targeted the financial systems of Australia and 17 other countries to undergo rigorous … Continue reading