financialcrisis
The World Economic Forum warned Wednesday that the financial crisis that has gripped the global economy for the past few years is fueling resentment that could lay the seeds for a rising tide of protectionism, nationalism and social unrest. In its assessment of the risks to the global economy, the Forum flagged a "dystopian future" for much of humanity that could wipe out the gains achieved so far by globalization and undermine a nascent economic recovery.
While creditors continue to fight over the crumbs of Lehman Brothers, one tiny piece of the investment bank just demonstrated close to a 66,000% return on investment -- as a collectors item: A 50-cent share in the bank was sold at auction Saturday for 24,000 euros -- about $33,000.
Investors and officials in Jefferson County, Ala., are trying to negotiate a deal to avoid bankruptcy by Thursday's deadline. If they're unsuccessful, the county could end up with the largest Chapter 9 filing in U.S. history, which could rattle the $2.9 trillion municipal bond market.
Meet Holly Petraeus: U.S. Servicemembers' Advocate at the CFPB
6:30AM 7/21/2011
The new Consumer Financial Protection Bureau will guard all of us from being taken advantage of financially. Turns out, one group needs extra protection in that arena: those who protect our whole nation -- U.S. service members and their families. And Holly Petraeus is going to make sure they get it.
Legal Briefing: More Reasons to Hate Federal Bank Regulators
11:30AM 4/13/2010
In today's legal news, a new report apparently blames more federal regulators, the Office of Thrift Supervision and the Federal Deposit Insurance Corporation, for their roles in the financial crisis.
FDIC May Stop JPMorgan's $1.4 Billion WaMu Payout
12:50PM 3/29/2010
JPMorgan was counting on a big tax refund from its Washington Mutual purchase. But WaMu bondholders say JPMorgan doesn't legally qualify for the money -- and bank regulators may be listening.
Online exhibit explores women and the global economy
3:00PM 10/29/2009
Did you know that women make up 70% of the world's population living in extreme poverty on less than $1 a day? Or that women produce 60% to 80% of the world's food, but hold down only 1% of the world's land and 10% of the world's wealth? Despite these statistics, women are the fastest growing group...
Gen Y is staying away from the banks and Wall Street
12:02PM 10/09/2009
Wealth, Economy, Investing, Insurance, Banking, Family Money, Saving Money
Just like the Great Depression shaped the financial mindset of our grandparents and great grand-parents, so the Great Recession right now is doing a similar thing to teens and twentysomethings.
They don't trust banks, don't plan to invest in the stock market, they don't even want to get...
Women hit harder by recession; mental health suffers
2:00PM 6/15/2009
Women are having a tougher time with the financial crisis and are more likely to struggle to stay on top of their finances, according to a new report. Twice as many women (68%) as men (32%) sought help with their finances between January 1 and April 30, says Financial Finesse, a financial education...
The results of the buzzworthy Bank Stress Test, released Thursday at 5 p.m. Eastern, say 10 out of the 19 biggest U.S. financial institutions need a combined $75 billion to stay afloat through the financial downturn.
My bank, Bank of America, was found to need the most cash -- almost $40 billion....
More Stories
Next Page →Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.08 | -0.11 -1.28% | 184.54M | |
| 2.21 | +0.27 +13.66% | 107.06M | |
| 12.45 | -0.25 -1.93% | 35.97M | |
| 18.84 | -0.30 -1.54% | 33.77M |
% Gainers
| 31.71 | +7.81 +32.68% | 15.75M | |
| 89.60 | +13.21 +17.29% | 10.41M | |
| 2.21 | +0.27 +13.66% | 107.06M | |
| 10.55 | +1.15 +12.23% | 2.78M |
% Losers
DailyFinance Wire
- 4 Money-Etiquette Questions Answered
- Walmart's New Health Food Push: Is It Too Hard to Swallow?
- Newlyweds, Don't Let the IRS Spoil Your Honeymoon
- Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
- Why Groupon Will Never Be Great Again
- Why Used Car Bargains Are Getting Harder to Find
- 5 Reasons Facebook Stock May Be a Better Buy Than You Think
Newswire
- Greek PM says default would lead to 'chaos'
- Budget deficit drops to $27 billion in January
- Turbo-traders take Bank of America for a ride
- Stocks fall sharply as Greek deal is held up
- Bernanke: Weak housing has hurt consumer...
- Trade deficit widens to $48.8 billion in...
- Feds investigate door fires in 2007 Camrys,...
- Review: Netflix and Hulu's new scripted...
- Mid-day Movers (CIE, AMRS, IPSU, MOVE, LNKD)
- Petrobras Shares Volatile on $225 Billion Development Plan (PBR)
- Morning Movers (CIE, ALU, LNKD, AMRS, XIDE)
- AEP Dividend Growth Still Looks Safe Ahead (AEP)
- Arch Coal Tumbles on Earnings, Forecast (ACI, ANR, PCX, BTU, CNX)
- 2011 Trade Deficit Hits 3-Year High, Over $550 Billion
- Today’s Best Market Rumors (2/10/2012) Apple iPad, Google Entertainment
- Top Analyst Upgrades & Downgrades (ALTR, AMSC, BIIB, CELG, COH, CSTR, COP, FSLR, GILD, HAIN, MA, RF, TRLG)
Follow Us
