EU draws up 1.3 trillion-euro wish list to revive economy

Last Updated: Monday, December 8, 2014, 23:22

The European Union has drawn up a wish list of almost 2,000 projects worth 1.3 trillion euros ($1.59 trillion) for possible inclusion in an investment plan to revive growth and jobs without adding to countries` debts.

Deutsche Bank to pay $1.9 bn to settle US mortgage case

Last Updated: Saturday, December 21, 2013, 01:52

Deutsche Bank said on Friday it will pay USD 1.9 billion to settle claims that it defrauded two US government-controlled companies in the sale of mortgage-backed securities before the 2008 financial crisis.

RBS, S&P sued by European investors for $250 million crisis losses

Last Updated: Thursday, December 5, 2013, 13:14

Royal Bank of Scotland and rating agency Standard & Poor`s have been sued by a group of European institutional investors for damages of up to $250 million suffered on complex financial products in the lead-up to the global financial crisis.

European banks face 280-bn-euro capital shortfall: PwC

Last Updated: Thursday, November 28, 2013, 23:23

European banks will require 280 billion euros (USD 380 billion) of extra capital in 2014 to meet reforms aimed at avoiding a repeat of the global financial crisis, according to a report published Thursday.

Fund managers fumble even as stocks hit record highs

Last Updated: Monday, November 25, 2013, 13:28

India's top 20 diversified equity funds, with USD 12.4 billion in assets, are up only 0.5 percent this year.

More needs to be done to boost growth: FinMin

Last Updated: Monday, November 18, 2013, 12:10

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 Monday.

Property hot spots renew easy-money bubble fears

Last Updated: Friday, November 1, 2013, 12:57

From China to Canada and London, fast-rising property markets are haunting the global economy again, five years after the U.S. subprime mortgage bubble burst and triggered the worst financial crisis since the 1930s.

Barack Obama to mark 5-year anniversary of US financial crisis

Last Updated: Sunday, September 15, 2013, 08:46

President Barack Obama will mark the five-year anniversary of the US financial crisis on Monday in an effort to move back to his domestic agenda after weeks of dealing with Syria.

Are you drowning in debt?

Last Updated: Tuesday, September 10, 2013, 09:36

Consolidating all your personal loans and card payments can get you out of a financial crisis.

Food security law may create financial crisis: Raman Singh

Last Updated: Monday, September 9, 2013, 13:43

The recently passed food security legislation "could create a financial crisis for India", said Chhattisgarh Chief Minister Raman Singh who stressed that his state is now looking at better health, gainful employment, a risk- and debt-free secure future.

Speedier clearances no magic wand for India's infrastructure logjam

Last Updated: Tuesday, September 3, 2013, 08:55

Growth in the latest quarter was the slowest since during the global financial crisis, and the rupee has tumbled ever deeper against the US dollar.

Bank of America may face civil charges over financial crisis

Last Updated: Friday, August 2, 2013, 10:21

Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products, the bank said in a filing to a US regulatory agency.