The banking system is reeling from admissions by senior bankers that they acted in concert with other bankers to fix the setting of the interbank interest rate (LIBOR), so as…
Vicious circle? Very interesting article which puts into numbers the cost of the financial meltdown and the recession: In much of the industrial world, what started as a financial problem…
In 2008 the world trembled on the brink of an international financial meltdown. Stock markets sank; banking systems were almost frozen; house prices plummeted; and most people wondered what the…
Seems American voters want more than simply I am not the other guy from their presidential contenders, even when the country is suffering from a deep recession with high unemployment,…
At last we see a serious move in Europe to start the much needed process of reining in the many useless financial transactions that are part of the unregulated morass…
