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|
| Feb. 1 |
 Washington |
Obama unveils 2011 budget plans 
US President has announced a $3.8tn budget plan, which includes increased spending for job creation, but cuts in other areas
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|
| Jan. 21 |
Washington |
Obama pushes new bank regulation US President has proposed significant new curbs on the activities of banks to try to prevent future financial crises, include limits to the size of banks
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| Jan. 11 |
Venezuela |
Stores face punishment after devaluation |
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| Jan.10 |
 Venezuela |
Chavez: military will monitor prices In the wake of devaluation currency, Chavez on said he would put the military on the streets to ensure that business owners don't raise prices
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| Jan.8 |
Venezuela |
Venezuela will slash value of currency |
|
| Jan.7 |
 Argentina |
President dismisses central bank governor Cristina Fernandez de Kirchner has ordered the removal from office of Martin Redrado, who had refused to use currency reserves to pay foreign...
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| Jan.2 |
Iceland |
Petition against Icesave pay-out |
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|
|
| Dec.27 |
Beijing |
Wen dismisses currency pressure
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| Dec.16 |
Switzerland |
Credit Suisse to pay $536m fine over Iran
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| Dec.14 |
Washington |
Obama tells US banks to lend more
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| Dec.13 |
 United Arab Emirates |
Abu Dhabi gives Dubai $10bn to pay debts 
Dubai's government has been given a handout from United Arab Emirates neighbour Abu Dhabi to help it pay off its debts
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| Dec.8 |
Dubai |
Utility faces $2B debt demand |
|
| Dec.1 |
Japan |
Bank of Japan loans target deflation |
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| Nov.29 |
European Union |
EU pushes for strong yuan |
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| Nov.27 |
Dubai |
Dubai debt woes 'a drama, but no crisis' Market experts say the debt revelations will not lead the global economy back into recession, but have seriously damaged the Emirate's standing
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| Nov.10 |
China |
Chinese credit card debt mounts |
|
| Nov.1 |
New York |
CIT Group files for US bankruptcy
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| Oct.23 |
USA |
US bank failures top 100 for year |
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| Oct.21 |
Washington |
Plans bailout firm bonus cut |
|
| Oct.15 |
New York |
US banks' profits beat forecasts
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| |
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| Sep.17 |
European Union |
EU agrees on bonus claw-back call
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| Sep.14 |
USA |
Bank crisis lessons 'not learned' |
|
| |
Washington |
Obama issues warning to bankers
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| Sep.5 |
 London |
G20 pledges tougher bank action Finance ministers from the most powerful economies have agreed a series of measures to try to regulate the global banking system
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| Sep.4 |
London |
Bonus row opens up G20 divisions |
|
|
| Aug.25 |
Washington |
US deficit to soar towards $1.6tn
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|
| Jul.26 |
Cuba |
Castro calls for tight finances in Cuba |
|
| Jul.14 |
New York |
Goldman Sachs sees bumper profit |
|
| Jul.13 |
USA |
US budget deficit at $1 trillion
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|
| Jun.29 |
New York |
Fraudster Madoff gets 150 years| Bernard Madoff has been given the maximum prison sentence for masterminding a massive fraud that robbed investors of $65bn | |
|
| Jun.4 |
New York |
Fraud charge for Countrywide boss |
|
|
| May.7 |
USA |
Ten US banks fail 'stress tests' |
|
|
| Apr.22 |
Washington |
Freddie Mac chief found dead |
|
| Apr.6 |
Texas |
Stanford: 'Clients lost no money' |
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|
| Mar.26 |
Washington |
US plans to rein in Wall Street |
|
| Mar.23 |
Washington |
US unveils $1tn toxic asset plan The US has announced details of a plan to buy up to $1 trillion worth of toxic assets to help repair banks' balance sheets
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| |
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| Mar.19 |
Belgium |
EU aims to double emergency cash |
|
| |
House of Representatives |
US lawmakers vote for bonus tax |
|
| Mar.13 |
London |
G20 ministers meet amid divisions
|
| |
 Switzerland |
Switzerland eases banking secrecy The world's largest offshore financial centre has agreed to accept concessions on bank secrecy
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| Mar.12 |
New York |
Madoff admits $50bn fraud scheme |
|
| Mar.10 |
New York |
Banking stocks lead markets surge |
|
|
| Feb.26 |
Washington |
Obama unveils his $3.6tn budget |
|
| Feb.22 |
Berlin |
EU heads back financial clampdown |
|
| Feb.21 |
Ireland |
Huge protest over Irish economy |
|
| |
Washington |
Obama hails 'fastest' US tax cut |
|
| Feb.19 |
Virginia |
Missing billionaire found
|
| Feb.2 |
Washington |
Obama predicts more bank failures |
|
|
| Jan.16 |
New York |
Citigroup to split as losses grow
|
|
| Dec.21 |
Beijing |
China to provide $19B to Taiwan firms |
|
| Dec.20 |
Global |
IMF urges spending to spur growth |
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| Dec.19 |
Washington |
Bush unveils $17.4bn car bail-out |
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| Dec.16 |
Washington |
Madoff grilling for US watchdog |
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| Dec.15 |
London |
Banks face huge losses from $50B 'scam' |
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| Dec.13 |
New York |
Top investors 'hit by $50bn con' Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged fraud by Wall Street broker Bernard Madoff
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| |
Ecuador |
Ecuador won't pay foreign debt interest |
|
| Dec.11 |
USA |
Bank of America cuts 30,000 jobs |
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| Nov.25 |
Washington |
US Fed announces $800bn stimulus The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system
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| Nov.24 |
London |
Darling cuts VAT in pre-Budget |
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| Nov.23 |
Washington |
Citigroup secures U.S. government lifeline |
|
| Nov.19 |
Iceland |
IMF approves $2.1bn Iceland loan |
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| |
|
| Nov.17 |
New York |
Citigroup job cull to hit 75,000 The bank has announced plans for new job cuts, on top of 23,000 cuts already made this year It's about 20% of its staff
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| Nov.16 |
Global |
IMF head calls for extra funding |
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| Nov.14 |
Washington |
World leaders grapple with crisis
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| Oct.29 |
Washington |
Treasury spends $125 billion on 9 banks |
|
| Oct.12 |
Paris |
European banks rescue plan agreed |
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| Oct.11 |
Paris |
EU chiefs confront markets crisis
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| Oct.10 |
Washington |
G7 nations pledge to fight crisis |
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| Oct.8 |
London |
World's central banks slash interest rates
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| Oct.7 |
 United Kingdom |
UK bank rescue package imminent Chancellor Alistair Darling to announce details of a £50bn rescue package for the UK banking system
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| Oct.5 |
Berlin |
Plan to save German bank 'agreed' |
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| Oct.4 |
Germany |
Another top European bank falters |
|
| |
Paris |
No banks bail-out fund for Europe
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| |
Paris |
EU leaders meet to discuss credit crisis |
|
| Oct.3 |
 House of Representatives |
House backs $700bn bail-out plan The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector
| The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following its shock rejection of an earlier version. Bush praised lawmakers for their spirit of co-operation before signing the bill into law
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| |
|
| Oct.1 |
U.S. Senate |
Senate backs new bail-out bill |
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| |
|
| |
House of Representatives |
$700 billion bailout package failed
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| Sep.28 |
U.S. Congress |
US lawmakers publish rescue deal |
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| Sep.26 |
Washington |
Bailout talks implode |
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| Sep.24 |
Washington |
Bush: Bail-out 'vital to easing crisis' |
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| Sep.21 |
New York |
US banks make shock status switch
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| Sep.19 |
Washington |
Bush hails financial rescue plan President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets
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| Sep.18 |
Global |
Central banks moves cheer markets
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| Sep.17 |
Zimbabwe |
Zimbabwe replaces $10 trillion banknote
|
| |
United Kingdom |
Barclays agrees $1.75B Lehman deal
|
| Sep.15 |
Japan |
Lehman collapse hits Asian shares |
|
| Sep.14 |
New York |
Lehman Bros files for bankruptcy | The 4th-largest investment bank in the US will file for bankruptcy protection, amid a growing global financial crisis. The move dealed a further blow to the global financial system. It was a primary dealer in t... | |
|
| Sep.7 |
Washington |
US takes over key mortgage firms US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history
|
| Aug.5 |
 U.S. Congress |
Iraq's projected $80b surplus stirs anger U.S. auditors: Iraq is raking in more money from oil exports than it is spending, amassing a projected 4-year budget surplus of up to $80 bi...
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| Jul.19 |
Zimbabwe |
$100 billion banknotes introduced |
|
| Jul.16 |
Washington |
US inflation rate at 26-year high |
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| |
|
| Jul.6 |
Dubai |
UAE to cancel all of Iraq's $7B debt
|
| May.29 |
Global |
World Bank pledges $1.2 billion for food |
|
| Apr.30 |
Iran |
Iran dumps U.S. dollar for oil trades |
|
| Apr.18 |
USA |
Citigroup sees second giant loss |
|
| Mar.18 |
Washington |
Federal Reserve slashes rates by 0.75
|
| Mar.16 |
New York |
JPMorgan to acquire Bear Stearns |
|
| Mar.11 |
European Union |
Central banks plan emergency cash |
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| |
|
| 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 | |
|
|
| Dec.18 |
U.S. Senate |
Senate passes $70B in war funds |
|
| Dec.12 |
Washington |
Central banks act on credit fears |
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| |
|
| Aug.10 |
London |
Central banks pour money into system |
|
| Jul.5 |
Zimbabwe |
Bulk buy ban amid frenzy
|
| May.18 |
Florida |
Shipwreck yields record treasures |
|
| Apr.30 |
Venezuela |
Venezuela to pull out of IMF, World Bank |
|
|
| Dec.16 |
Belgium |
EU leaders agree 7-year budget
|
| Nov.26 |
Canada |
$4.3bn deal to fight native poverty |
|
| Sep.7 |
U.S. Congress |
Bush seeks $50bn hurricane relief |
|
| Jul.21 |
 China |
China scraps yuan peg to dollar China tied yuan's peg to a basket of currencies. The new rate versus the dollar revalues the currency by 2.1%
|
| Jun.11 |
London |
G8 ministers back Africa debt deal Finance ministers have agreed to cancel up to $55 billion worth of debt owed by the world's poorest nations
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| |
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|
| Dec.23 |
USA |
Battered dollar hits another low |
|
| Mar.31 |
Berlin |
Afghanistan wins $8.2bn in aid |
|
|
| Dec.16 |
Germany |
Joint plan to relieve Iraq debt |
|
| Sep.14 |
Sweden |
Voters rejects euro currency |
|
| Sep.7 |
Washington |
Bush to ask 87 billions more for Iraq
|
| Aug.27 |
Washington |
Bremer: Iraq effort to cost tens of billions |
|
|
| Jun.25 |
New York |
WorldCom in accounting trouble, cut jobs |
|
| Jan.6 |
Argentina |
Peso devaluated |
|
| Jan.1 |
European Union |
Euro mark celebrations| People lined up in freezing temperatures to get a jump on the most ambitious currency swap in history. The euro was introduced to world financial markets as an accounting currency in 1999 and launched as physical coins and... | |
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| |
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|
| Sep.28 |
Denmark |
Denmark rejects euro
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