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World Bank says trade protectionism starts to level off

Last Updated: Friday, June 27, 2014, 06:17

Barriers to imports in major economies are starting to recede after a rash of protectionism during the global financial crisis, World Bank figures showed on Thursday.

Oil price risks put inflation back in focus

Last Updated: Sunday, June 22, 2014, 15:23

Oil prices neared nine-month highs late last week, touching $115 a barrel.

Eurozone inflation slows, in new signal for ECB easing

Last Updated: Tuesday, June 03, 2014, 18:36

Inflation in the eurozone slowed last month to financial crisis levels, putting extra pressure on the ECB to act to fight a growing threat of deflation, data showed on Tuesday.

Geithner revisits US financial crisis in new book

Last Updated: Saturday, May 10, 2014, 10:38

Former US Treasury Secretary Timothy Geithner says he regrets not pushing for stronger financial safeguards ahead of the devastating 2008 crisis, according to reported excerpts of his new book.

British annual growth downgraded to 1.7%

Last Updated: Friday, March 28, 2014, 17:26

Britain`s economy expanded by 1.7 percent last year, down slightly from a previous estimate, but was still the strongest growth since before the financial crisis, official data showed on Friday.

Bank of America to pay $9.3 bn to settle mortgage bond claims

Last Updated: Thursday, March 27, 2014, 09:23

The settlement,includes $6.3 billion in cash and the rest in securities that Bank of America will purchase from the two housing finance entities.

Barclays pays nearly 500 bankers more than 1 million pounds

Last Updated: Thursday, March 06, 2014, 08:35

Barclays paid almost 500 staff more than 1 million pounds last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.

British 2013 economic growth downgraded to 1.8%

Last Updated: Wednesday, February 26, 2014, 16:20

Britain`s economy grew by less than previously thought last year, but still registered the fastest rate of growth since before the financial crisis, revised official data showed Wednesday.

Records show Fed on edge during darkest days of 2008 crisis

Last Updated: Saturday, February 22, 2014, 02:28

Federal Reserve policymakers, in a tense meeting on one of the darkest days of the 2008 financial crisis, were worried the failure of Lehman Brothers a day earlier would wreak havoc on a teetering financial system but feared cutting already low interest rates might prove an over-reaction.

Barclays bank reports return to profit, and bigger bonuses

Last Updated: Tuesday, February 11, 2014, 13:52

Scandal-hit Barclays bank returned to net profit in 2013 and said on Tuesday that staff will receive increased bonuses, a source of public anger against banks at the height of the financial crisis.

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 05, 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.