2008 Financial Crisis

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'2008 Financial Crisis' - 30 News Result(s)

  • China Services Growth Dips to 8-Month Low in September

    China Services Growth Dips to 8-Month Low in September

    China's services sector grew at its slowest pace in eight months in September after new orders shrank for the first time since the 2008 global financial crisis, a survey showed on Friday, exposing more weakness in the world's second-largest economy.

  • China August Factory Output Growth Near Six-year Low

    China August Factory Output Growth Near Six-year Low

    Industrial output rose 6.9 per cent in August from a year earlier - the lowest reading since December 2008 when the economy was buffeted by the global financial crisis, compared with expectations for an 8.8 per cent expansion and slowing from 9.0 per...

  • Citi, US Government's $7 Billion Settlement Announcement Expected on Monday

    Citi, US Government's $7 Billion Settlement Announcement Expected on Monday

    Citigroup agreed to pay $7 billion to resolve a US government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.

  • China Seeks Spending Fix as Economy Wobbles

    China Seeks Spending Fix as Economy Wobbles

    China is unlikely to resort to the kind of spending splurge that saw it through the 2008 financial crisis to deal with its slowing economy, analysts say, but recent moves to ramp up state support suggest it cannot wean itself completely off the stimu...

  • Wall Street cash bonuses highest since 2008 crash: report

    Wall Street cash bonuses highest since 2008 crash: report

    The average bonus on Wall Street jumped 15 per cent last year to the highest level since the 2008 financial crisis and was the third largest on record, New York State's budget watchdog said on Wednesday.

  • Indian-American Neel Kashkari to run for California Governor

    Indian-American Neel Kashkari to run for California Governor

    Former Indian-American US Treasury official Neel Kashkari, architect of the bank bailout during the 2008 financial crisis, plans to run for Governor of California with a pledge to create jobs and improve public schools.

  • JPMorgan Chase sues Federal Deposit Insurance for over $1 billion: report

    JPMorgan Chase sues Federal Deposit Insurance for over $1 billion: report

    JPMorgan has said in a US federal court complaint that is suing the Federal Deposit Insurance Corp to recover more than $1 billion tied to its purchase of Washington Mutual, which collapsed during the 2008 financial crisis.

  • More needs to be done to boost growth: Arvind Mayaram

    More needs to be done to boost growth: Arvind Mayaram

    The government is taking measures to give momentum to the growth process which was affected by the global financial crisis in 2008, a top Finance Ministry official said today.

  • As crisis fades, G20 tries to get its mojo back

    As crisis fades, G20 tries to get its mojo back

    Gone are the heady days of 2008 and 2009 when leaders at G20 summits hashed out major deals on fiscal stimulus and trade policy to counter a global financial crisis that threatened worldwide depression. In 2010 and 2011, the group was a forum for pro...

  • Star economist takes over India's central bank amid crisis

    Star economist takes over India's central bank amid crisis

    Rajan, a high-profile former IMF chief economist renowned for predicting the 2008 global financial collapse, moves into the Reserve Bank of India's office on Thursday, replacing his retiring predecessor Duvvuri Subbarao.

  • Who is Vikram Pandit?

    Who is Vikram Pandit?

    Vikram Pandit abruptly stepped down as CEO of Citigroup in October 2012, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed. Mr Pandit will also relinquish his seat on Citi's board of ...

  • Who is Vikram Pandit?

    Who is Vikram Pandit?

    Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed. Mr Pandit will also relinquish his seat on Citi's board of direc...

  • European stocks hit highest since 2008 crash

    European stocks hit highest since 2008 crash

    European stock markets rose to their highest since the 2008 financial crisis on Wednesday, helped by signs the US economy is improving and expectations of more pledges of support for growth from major central banks.

  • S&P closes above 1,500 for first time since 2007

    S&P closes above 1,500 for first time since 2007

    Passing another milestone on the nation's long journey back from the Great Recession, the Standard and Poor's 500 index closed above 1,500 for the first time in more than five years Friday after a wave of good earnings reports.

  • Financial crisis lawsuit suggests bad behavior at Morgan Stanley

    Financial crisis lawsuit suggests bad behavior at Morgan Stanley

    Hundreds of pages of internal Morgan Stanley documents, released publicly last week, shed much new light on what bankers knew at the height of the housing bubble and what they did with that secret knowledge. The documents suggest that people across t...

  • Who is Vikram Pandit?

    Who is Vikram Pandit?

    Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed. Mr Pandit will also relinquish his seat on Citi's board of direc...

  • Text of memo from Citi incoming CEO

    Text of memo from Citi incoming CEO

    Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.

  • PayPal plans first job cuts since 2008 financial crisis

    PayPal plans first job cuts since 2008 financial crisis

    The reductions are expected to total between 300 and 400 and will be focused in product development, technology and marketing.

  • Non-inflationary growth down at 7.5 per cent: Subbarao

    Non-inflationary growth down at 7.5 per cent: Subbarao

    Before the 2008 global financial crisis, India's potential output was 8.5 per cent.

  • Why is it so difficult to revive world economy?

    Why is it so difficult to revive world economy?

    The question is why it's been so difficult to calibrate the size of the problem and gauge a recovery horizon.

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