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|
| Mon. |
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.21 |
New Zealand |
Global hunt for accidental millionaires |
|
| May.13 |
Washington |
US plans derivatives regulations |
|
| May.7 |
USA |
Ten US banks fail 'stress tests'
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| May.4 |
Washington |
Obama to target overseas tax loopholes |
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|
| Apr.22 |
Washington |
Freddie Mac chief found dead |
|
| Apr.21 |
Global |
Meltdown losses of '$4 trillion' |
|
| Apr.6 |
Texas |
Stanford: 'Clients lost no money' |
|
|
| Mar.26 |
Washington |
US plans to rein in Wall Street |
|
| Mar.25 |
Czech Republic |
PM attacks Obama spending |
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| |
Global |
Remittances expected to fall by $15B |
|
| Mar.24 |
Global |
IMF announces new lending reforms |
|
| 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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| 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
|
| Mar.12 |
New York |
Madoff admits $50bn fraud scheme |
|
| Mar.10 |
New York |
Banking stocks lead markets surge |
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| |
|
|
| 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
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|
|
| Dec.21 |
Beijing |
China to provide $19B to Taiwan firms
|
| Dec.20 |
Global |
IMF urges spending to spur growth |
|
| Dec.19 |
Washington |
Bush unveils $17.4bn car bail-out
|
| Dec.16 |
Washington |
Madoff grilling for US watchdog |
|
| Dec.15 |
London |
Banks face huge losses from $50B 'scam'
|
| 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
| Madoff ran a fund that paid annual interest of about 10% but prosecutors say it was, in effect, similar to a pyramid scheme.
Victims of the scheme include some of the world's biggest banks, as well as hundreds of private investors
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| |
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| |
Ecuador |
Ecuador won't pay foreign debt interest |
|
| Dec.11 |
USA |
Bank of America cuts 30,000 jobs
|
|
| 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
|
| Nov.24 |
London |
Darling cuts VAT in pre-Budget |
|
| Nov.23 |
Washington |
Citigroup secures U.S. government lifeline
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| |
|
| 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
|
| Nov.16 |
Global |
IMF head calls for extra funding |
|
| Nov.14 |
Washington |
World leaders grapple with crisis
The world leaders gathering for economic summit may be looking ahead to his successor. Bush is ready to defend Western-style capitalism
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| Nov.12 |
Washington |
Paulson: US bail-out working |
|
| Nov.6 |
London |
UK interest rates slashed to 3% |
|
| Nov.3 |
Brazil |
Itaś and Unibanco to merge operations |
|
|
| Oct.29 |
Washington |
Treasury spends $125 billion on 9 banks
|
| Oct.17 |
Berlin |
Parliament passes bank bailout |
|
| Oct.14 |
Washington |
Plans to buy stakes in major banks |
|
| Oct.12 |
Paris |
European banks rescue plan agreed
|
| Oct.11 |
Paris |
EU chiefs confront markets crisis
The 15 eurozone leaders are to meet to try to establish a common approach to the financial crisis follow up and execute upon a G7 plan
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| |
Washington |
IMF in global 'meltdown' warning |
|
| Oct.10 |
Washington |
G7 nations pledge to fight crisis
|
| Oct.8 |
London |
World's central banks slash interest rates The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market l...
|
| 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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| |
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| |
New York |
Wall Street flat as Fed unveils new plan |
|
| Oct.6 |
Luxembourg |
EU finance chiefs in crisis talks |
|
| Oct.5 |
Berlin |
Plan to save German bank 'agreed'
|
| Oct.4 |
Germany |
Another top European bank falters
|
| |
Paris |
No banks bail-out fund for Europe
France, Britain, Germany and Italy have agreed to work together to support financial institutions - but without forming a joint bail-out fun...
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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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|
| Sep.30 |
Washington |
Bush warning over bail-out delay |
|
| Sep.29 |
House of Representatives |
$700 billion bailout package failed Democrats and Republicans immediately blamed each other for the failure of the bailout package in the House
|
| |
House of Representatives |
Wall Street bail-out goes to vote |
|
| Sep.28 |
U.S. Congress |
US lawmakers publish rescue deal
|
| |
Washington |
Obama and McCain back bail-out package |
|
| Sep.27 |
U.S. Congress |
'Great progress' in US bail-out |
|
| Sep.26 |
Washington |
Bailout talks implode
|
| Sep.25 |
Washington |
Wall St rescue plan 'needs work' |
|
| Sep.24 |
Washington |
Bush: Bail-out 'vital to easing crisis' |
|
| Sep.23 |
U.S. Senate |
Congress cool after bail-out plea |
|
| 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.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
|
| Sep.18 |
Washington |
US pledges financial rescue plan |
|
| |
Global |
Central banks moves cheer markets Markets regained some poise in trading, cheered by news that 6 of the world's top central banks have taken steps to calm credit markets
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| |
|
| |
United Kingdom |
Barclays agrees $1.75B Lehman deal British bank Barclays said it had reached a deal to purchase key units of U.S. investment bank, as global markets continued to worry
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| |
Zimbabwe |
Zimbabwe replaces $10 trillion banknote
|
| 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 threatens to deal a further... | |
|
| |
New York |
Barclays quits Lehman sale talks |
|
| 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.25 |
Paris |
Obama links NATO troops to U.S. tax cuts |
|
| Jul.19 |
Zimbabwe |
$100 billion banknotes introduced |
|
| Jul.16 |
Washington |
US inflation rate at 26-year high |
|
| Jul.13 |
Washington |
US moves to bolster lending firms |
|
| Jul.6 |
Dubai |
UAE to cancel all of Iraq's $7B debt
|
|
| Jun.11 |
Cuba |
Cuba to abandon salary equality |
|
|
| May.29 |
Global |
World Bank pledges $1.2 billion for food |
|
| May.5 |
Somalia |
Two die in currency riot |
|
| May.3 |
Global |
Asian bank in food crisis warning |
|
| May.1 |
Italy |
Income details posted on web |
|
|
| 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 |
|
|
| |
|
|
| 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 |
|
|
| |
|
|
| 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
|
| |
|
| 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
|
|
| 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
|
| |