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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.

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.

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.

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.

Speedier clearances no magic wand for India's infrastructure logjam

Last Updated: Tuesday, September 03, 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.

Migration from crisis countries up by nearly half: OECD

Last Updated: Thursday, June 13, 2013, 21:43

Migration from countries worst affected by the global financial crisis has jumped by almost half since 2009, despite a dwindling number of jobs in host nations, the OECD said in a report Thursday.

RBI chief Subbarao to attend IMF conference next month

Last Updated: Friday, March 29, 2013, 20:52

Reserve Bank of India Governor Duvvuri Subbarao will share his perspective at an IMF conference here next month that will discuss policy pursued by various governments in the aftermath of global financial crisis.

Ratan Tata sees India achieving 7% growth in couple of years

Last Updated: Friday, March 15, 2013, 13:37

The Chairman Emeritus of the Tata Group said that the recent steps by the government have restored investors' confidence in the country, but more needs to be done.

No financial structure model fits all circumstances: IMF

Last Updated: Tuesday, September 25, 2012, 20:34

No single financial structure model fits all circumstances, the International Monetary Fund has said.

Indian banks appears insulated from financial crisis: IMF

Last Updated: Tuesday, September 25, 2012, 20:24

India seems insulated from the worst of effects of global financial crisis as it has relatively low degree of exposure to international banking, IMF has said.

South Korean conglomerates see economy worse than 2008

Last Updated: Wednesday, August 22, 2012, 12:04

A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.