2008 Financial Crisis

Banks Set To See Higher Provisioning On New Norms Next Fiscal

Press Trust of India | Sunday May 14, 2017

While the new accounting standard is broadly aimed at ensuring that there are no credit shocks like those seen during the global financial crisis in 2008, it would have an effect on the "banking numbers".

In Trump Administration IMF To Face Series Of Challenges

World News | Agence France-Presse | Wednesday April 19, 2017

In its 70-year history, the International Monetary Fund has been no stranger to financial crises and policy disputes but now faces a new challenge, a US administration fundamentally opposed to some of its most important positions.

Interest Rate Needs To Be Lower, Stable For Investors: President

Press Trust of India | Friday January 20, 2017

The country's current account deficit has shaped up because of "prudent" fiscal management and the economy has been growing in the past decade despite 2008 global financial crisis, he said.

Factory Activity Sees Contraction In December Amid Cash Crunch: Survey

Thomson Reuters | Tuesday January 3, 2017

It was the biggest month-on-month decline since November 2008, just after the collapse of Lehman Brothers triggered a financial crisis and brought on a global recession.

Rich Countries May Take Lead In Recession-Proof Debt Project

Thomson Reuters | Tuesday October 25, 2016

Countries like Britain and Germany could breathe life into an academic theory intended to offer poorer, emerging economies some respite if they fall on hard times.

Drug-Resistant Infections Could Spark Financial Crisis: Study

Health | Agence France-Presse | Tuesday September 20, 2016

The spread of superbugs that are resistant to all known drug treatments could spark a global financial crisis on the level of the 2008 meltdown or worse, a World Bank-led study warned on Monday.

Sony Warns Over Falling Mobile Sales; Stays in Black Thanks to PlayStation

Agence France-Presse | Friday July 29, 2016

The profit was only its second since the 2008 global financial crisis preceded years of eye-watering losses.

Brexit Vote Seen Shaking London Property Market

Agence France-Presse | Saturday July 2, 2016

After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 per cent higher than their pre-crisis peak.

London Bankers Face Brexit Choice - Lobby Or Leave

Thomson Reuters | Saturday July 2, 2016

A week after Britons voted themselves out of the European Union, many London-based bankers and their employers face two options if they are to secure their futures: lobby or leave.

Oil Heads for Third Weekly Loss After New Signs of Inventory Building

Thomson Reuters | Friday December 18, 2015

WTI is less than 60 cents away from the low reached during the global financial crisis of $32.40 in December 2008, while Brent is less than 70 cents off its nadir of $36.20 the same month.

Big Banks Need Extra Trillion-Euro Cushion Against Future Crises: G20 Body

World News | Agence France-Presse | Monday November 9, 2015

The world's biggest banks must bolster their cash reserves by up to 1.1 trillion euros ($1.2 trillion) as protection against any future financial crises, an influential advisory body said today.

China's October Factory, Services Surveys Show Economy Still Wobbly

Thomson Reuters | Sunday November 1, 2015

As for the services sector, whose growth has helped offset persistent weakness in manufacturing, the official non-manufacturing PMI fell to 53.1 in October from September's 53.4. Though still a solid pace of expansion, it was the lowest reading since late 2008 during the global financial crisis, a similar survey showed.

Fed Delay Could Spur More Debt Issues to Fund Share Buybacks

Thomson Reuters | Wednesday September 23, 2015

The Federal Reserve's decision to delay raising interest rates for the first time since the 2008 financial crisis will likely encourage companies to take out more debt to repurchase their own shares or issue special dividends before the end of the year, adding to the almost $1 trillion that companies were already on pace to return to investors this...

Slowing Economy Hits Earnings at Top Chinese Machinery Makers

Thomson Reuters | Monday August 31, 2015

Encouraged to expand after Beijing unleashed a $644 billion stimulus package in 2008 during the global financial crisis, Chinese heavy equipment makers are stuck with a glut of unsold equipment and factories they do not need.

US Markets Logs Biggest Two-Day Gain Since Financial Crisis

Thomson Reuters | Friday August 28, 2015

The Dow Jones industrial average scored its biggest two-day per centage gain since 2008, while the S&P 500 and Nasdaq Composite racked up their biggest two-day increases since 2009.

S&P to Pay $1.5 Billion to Settle Charges Over Crisis-Era Ratings

Tuesday February 3, 2015

Standard & Poor's on Tuesday said it will pay $1.5 billion to resolve a series of lawsuits over its ratings on mortgage securities that soured in the run-up to the 2008 financial crisis.

US Probes Moody's Rating Agency: Report

World News | Agence France-Presse | Monday February 2, 2015

US authorities are investigating the credit rating agency Moody's over its glowing assessments of mortgage deals in the run-up to the 2008 financial crisis, The Wall Street Journal reported on Sunday.

China Services Growth Dips to 8-Month Low in September

Friday October 3, 2014

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

Saturday September 13, 2014

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 cent in July.

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

Monday July 14, 2014

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

World News | Agence France-Presse | Sunday June 15, 2014

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 stimulus drug.

Wall Street cash bonuses highest since 2008 crash: report

Wednesday March 12, 2014

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

India News | Agencies | Wednesday January 22, 2014

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

Wednesday December 18, 2013

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

Monday November 18, 2013

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

Monday October 14, 2013

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 prodding European officials to come up with a plan to keep the euro zone from breaking up.

Star economist takes over India's central bank amid crisis

Sunday September 1, 2013

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?

People | Associated Press | Friday May 17, 2013

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 directors.

Who is Vikram Pandit?

Friday May 17, 2013

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 directors.

European stocks hit highest since 2008 crash

Wednesday March 6, 2013

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.