An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
The 20 largest OECD countries alone have a US$78 trillion shortfall in their pensions obligations.
The UK and US may avoid another crash, but many other major economies look like they are on the brink.
The industry has walked a tight rope to survive. Many have fallen along the way.
Banking used to be an engine of social mobility and a generator of secure, satisfying employment for the many gainfully employed in it.
The crisis hit the high street bank in 2007.
Gareth Fuller/PA Archive/PA Images
The 2007-08 financial crisis affected the world's advanced economies in profound ways and the ripple effects continue to today.
Recalling August 9 2007 – the start of the credit crunch and global financial crisis.
Puerto Ricans are increasingly fed up with austerity.
AP Photo/Danica Coto
A year after Congress passed its plan to fix Puerto Rico's US$123 billion debt and pension crisis, little has changed for the lives of Puerto Ricans.
The finance industry has developed a powerful set of tools over the years, which could be used to improve well-being and solve our environmental problems.
Republicans have been opposed to the CFPB since it was created.
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it's fairly confident the economic recovery will continue. Is it overconfident?
LIBOR continues to evoke irritation, frustration and fear – for traders, central bankers and the public.
Traders react with dismay after stocks plunged in September 2008 following the collapse of Lehman Brothers.
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it's done today.
German stock market after US election, November 9, 2016.
The fall of the Berlin wall was supposed to usher in ‘the end of history’, an eternal age of capitalist economics and liberal-democratic politics. It hasn’t turned out that way.
At least someone gets a microphone.
The bank's recent scandal probably would never have happened had senior management only listened to Wells Fargo's whistleblowers.
The U.S. could do with a shot in the arm too.
Bear syringe via www.shutterstock.com
Although the Fed delayed raising rates this month, it has signaled it intends to wean the U.S. economy off its unprecedented monetary stimulus. Now the question is whether Congress will take the handoff.
In Wells Fargo’s case, a discussion often wasn’t required.
Wells Fargo via www.shutterstock.com
Regulators fined Wells Fargo US$185 million for fraudulently opening up more than two million fake deposit and credit card accounts. Will the victims get their pound of flesh from those responsible?
Good investment? What do your friends think?
Research suggests how your online friends experienced the housing collapse affected how you perceived your local real estate market.
Greece has seen a spike in poverty levels.
New research shows how the financial crisis led to a dramatic shift in poverty across Europe.
Pleading with the EU: Italian prime minister, Matteo Renzi.
The Italian banking system is on the verge of a crisis. Direct state intervention is needed to solve the problem.
Looking behind the headline numbers.
There are plenty of reasons to reject the consensus that Brexit will be costly to the UK economy.