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  Greek banks will not open Monday   Greece said it would temporarily close banks on Monday in a bid to prevent its banking system from collapsing Greek debt: Fears grow over Greek banks' health HSBC 'helped clients dodge tax' Russia's shock-and-awe move fails to halt ruble collapse   In a dramatic overnight move, the Bank of Russia hiked interest rates -- to 17% from 10.5% -- but the ruble plunged further Vulnerable European banks identified   Twenty-four European banks have failed stress tests of their finances, the European Banking Authority has announced Central banks warned of 'false sense of security' Japan inflation rate at 23-year high Cyprus banks closed until Thursday  Temporary measures will be placed on transactions when they reopen despite an EU/IMF bailout deal Standard Chartered shares tumble  Shares of Standard Chartered bank have tumbled despite the bank denying allegations that it illegally 'schemed' with Iran to launder money Spain banks downgraded by Moody's Moody's downgrades 15 major banks  Bank of America, Citigroup, Goldman Sachs and JP Morgan are among those marked down   Spain crisis costs enter 'danger zone'   Spain's borrowing costs have risen to 7%, another euro-era record, with lenders demanding a higher interest rate Spain's Bankia seeks 19bn euros   Spain's fourth-largest bank, Bankia, asks for a bailout worth 19bns euros ($24bn), and admits that it made a massive loss last year Moody's downgrades Spanish banks  Ratings agency has cut the credit ratings of 16 banks, a further blow to a country that is struggling to deal with the bad debts of its banking... 9 eurozone nations downgraded by S&P
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1. 2017-08-11 Venezuela's currency worth less than 'World of Warcraft' gold Venezuela
C. 2017-05-23 Moody's downgrades China's credit rating China
3. 2016-12-17 Venezuela delays 100-bolivar banknote withdrawal Venezuela
4. 2016-06-26 Pound falls further in Asian trading on Monday Japan
F. 2016-06-24 Moody's cut UK's credit outlook to 'negative' United Kingdom
6. 2015-08-12 China allows yuan currency to drop for third day Beijing
H. 2015-07-08 Banks stay shut as endgame looms Greece
I. 2015-07-06 Debt crisis: Creditors press for new proposals Greece
2015-06-28 Greek debt crisis: Banks to remain shut all week Athens

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Venezuela's currency worth less than 'World of Warcraft' gold Moody's downgrades China's credit rating Venezuela delays 100-bolivar banknote withdrawal
Aug. 11   Venezuela
May.23   China


year 2016
... more >
Dec.17   Venezuela



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  Venezuela's currency worth less than 'World of Warcraft' gold  Dolar Today, a website that tracks the black market rate of the Venezuelan currency, puts the exchange rate at about 10,987 Bolívars per dollar Moody's downgrades China's credit rating  China has received a downgrade on its credit score by one notch to A1 from Aa3, on worries about the future state of the economy Venezuela delays 100-bolivar banknote withdrawal  President Nicolas Maduro has delayed the withdrawal of the 100-bolivar banknote until 2 January Pound falls further in Asian trading on Monday   Moody's cut UK's credit outlook to 'negative'  The UK has had its credit rating outlook downgraded to 'negative' by the ratings agency Moody's after the country voted to leave the EU China allows yuan currency to drop for third day Banks stay shut as endgame looms   Debt crisis: Creditors press for new proposals  Eurozone finance ministers say they expect to hear new proposals from Greece after the country voted to reject the terms of a bailout   Greek debt crisis: Banks to remain shut all week


August 2017 ... more > Top ^
Aug. 11   Venezuela


May 2017 ... more > Top ^
May.23   China


year 2016 Top ^

Dec.17   Venezuela
Jun.26   Japan
Jun.24   United Kingdom


year 2015 Top ^

Aug.12   Beijing
Jul.8   Greece
Jul.6   Greece
Jun.28   Athens
  The Greek government has confirmed that banks will be closed all week, after a decision by the European Central Bank not to extend emergency funding
  Greece
Jun.19   Greece
Feb.8   London


year 2014 Top ^

Dec.17   Moscow
Oct.26   European Union
Jun.29   Switzerland
May.29   Japan


year 2013 Top ^

Apr.9  USA  KPMG quits audit roles over claims
Mar.28  Cyprus  Cyprus cash curbs 'may last a month'
Mar.25   Cyprus
Mar.14  U.S. Senate  JP Morgan accused of hiding losses
Feb.22  United Kingdom  UK loses top AAA credit rating
Jan.3  Switzerland  Swiss bank to close after US fine


year 2012 Top ^

Dec.18  Switzerland  UBS fined $1.5bn for Libor rigging
Aug.6   Hong Kong
Jul.13  Manhattan  JPMorgan doubles its trading loss
Jul.9  Spain  Spain to get 30bn euros for banks
Jun.25   Spain
Jun.21   USA
Jun.14   Spain
May.25   Spain
May.22  Global  East Asia 'vulnerable to euro crisis'
May.17   Spain
Mar.13  USA  Four banks fail US stress tests
Feb.28  Greece  S&P downgrades Greece
Feb.14  European Union  Moody's downgrades European countries
Jan.13   New York
  Standard & Poor's said Friday that it has downgraded the credit ratings of nine euro area governments, including AAA-rated France and Austria


year 2011 Top ^

Nov.29  New York  Wall Street titans in credit downgrade Nov.7   Rome   Berlusconi teeters as debt costs mount   The Italian government's borrowing cost has risen as fears grow over political uncertainty in Rome. Italy 'needs 300bn euros' Oct.18  New York  Goldman Sachs reports $393m loss Oct.13   Spain S&P lowers Spain's credit rating  S&P has cut Spain's long-term credit rating by one notch, from AA to AA-, because of weak growth and high levels of private-sector debt Oct.7  Italy  Italy and Spain debt downgraded Oct.4  Italy  Italy's credit rating is slashed Sep.24  Greece  Moody's downgrades Greek banks Sep.18   Switzerland UBS unauthorized trade loss now $2.3B Sep.15   Switzerland UBS: 'Unauthorized' trades cost us $2 B
  Swiss banking giant UBS discovered that 'unauthorized trading by a trader in its investment bank' has cost it an estimated $2 billion
Sep.13   France Moody's downgrades French banks Aug.23  Japan  Moody's cuts Japan's debt rating Aug.14   Sydney World Bank warns of 'new danger zone' Aug.4   European Union Barroso: Euro crisis is spreading Jul.12  Ireland  Irish debt rating cut by Moody's Jun.14  Washington  Bernanke warning on US debt limit Jun.13  China  China inflation at 34-month high May.6  Greece  Euro falls on Greece exit rumours Apr.6   Portugal   Portugal seeks bail-out from EU
  Portugal becomes the third eurozone country to request financial aid from the European Union, saying it is at too great a risk.


year 2010 Top ^

Nov.24  Ireland  Euro slides on Irish debt fears Apr.28   Global Fears grow over Greece crisis Apr.27   Greece Greek bonds rated 'junk' by S& P's

year 2009 Top ^

Dec.8  Dubai  Utility faces $2B debt demand Nov.10  China  Chinese credit card debt mounts Jul.26   Cuba Castro calls for tight finances in Cuba
May.7   USA Ten US banks fail 'stress tests' Apr.21  Global  Meltdown losses of '$4 trillion' Mar.2  Moscow  Russia admits financial mistakes Jan.16   New York Citigroup to split as losses grow Jan.10  Zimbabwe  Zimbabwe introduces new $50 billion note

year 2008 Top ^

Oct.11   Washington IMF in global 'meltdown' warning
Sep.21   New York US banks make shock status switch  Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors Sep.15   Japan Lehman collapse hits Asian shares Sep.11  European Union  Economic gloom depresses the euro Sep.10  USA  Lehman shake-up as losses mount Aug.8  USA  Fannie Mae unveils loss of $2.3bn Jul.19   Zimbabwe $100 billion banknotes introduced Apr.18   USA Citigroup sees second giant loss Jan.24   Paris Rogue trader to cost SocGen $7bn
  Bank Societe Generale as uncovered 'massive' fraud by a trader which resulted in a loss of 4.9bn euros


year 2007 Top ^

Dec.24   Zimbabwe Hours-long lines to get scarce currency Dec.12   Washington Central banks act on credit fears

year 2006 Top ^

Feb.19   West Bank Abbas warns of financial crisis


year 2005 Top ^

May.17   Washington Tensions rise over China currency


year 2004 Top ^

Dec.23   USA Battered dollar hits another low  The greenback hit $1.3516 in the trade after data fuelled fresh concerns about the US economy

year 2002 Top ^

Jun.28   New York Accounting panic hits Xerox
Apr.19  Argentina  Bank freeze ordered

year 2001 Top ^

Sep.12   New York Insurers face claims up to $15bn
Feb.21  Turkey  Money market crisis
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