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.
Catching you out with the small print.
Research with call centre workers shows mis-selling is an entrenched and accepted feature of financial sales.
Recalling August 9 2007 – the start of the credit crunch and global financial crisis.
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.
Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world.
Randal Quarles, the president's first nominee to the Federal Reserve's board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
Social Services Minister Christian Porter in Question Time.
Christian Porter said Australia's welfare system 'was costing over 100% of all income tax raised' under Labor after the GFC, and that it's 'around 80%' under the Coalition. Is that true?
“Safe debt” played a role in bringing on the GFC.
The next financial crisis might be caused not by greed, but a human bias towards safety.
The G20 facilitates global engagement but participation can be cumbersome.
In its agenda to reform global economic governance the developing world should look for ways to extract some value from the G20.
A new study brings fresh insights into understanding the nature and extent of South Africa's systemic risks within the country's financial sector.
Uproar from businesses in the South East disguises a complex picture with the financial crisis at its heart.
Sean McGee Hicks/Flickr
Ridiculed and ignored in 2016, what can the 'dismal science' offer us now?
Economics lecturers need to teach their students about more than just numbers.
In both the global North and South, economics tends to be taught with micro- and macroeconomic models that are disconnected from sociopolitical realities. We suggest new ways of teaching economics.
Donald Trump may be a populist, but his policies are set to be particularly popular with the banking industry.
Fresh thinking is needed and women's voices must no longer be excluded
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.
Just like the characters of The Big Short, its time to pick up the warning signs of a global financial crisis.
The financial products offered by the shadow banking sector allow investors to be further removed from their investments and banks to escape regulation, increasing the risk in the sector overall.
Increased requirements from APRA could have been a good thing for Australia’s big four banks.
Australia's big four banks are managing risk well, this could be contributing to their strong performance.
Before he was the Republican presidential nominee, Donald Trump accepted three bars of gold bullion as payment for a 10-year lease on a building he owned.
The people wanted reform but they got excuses, and now populism is winning.
Those living through the first Renaissance recognised that their age offered blinding possibilities, but that any gains would have to be achieved amid relentless shocks. The same is true today.
The first Renaissance struggled with the same doubts and uncertainties and blinding possibilities that we face today. Any gains we make will have to be achieved amid relentless shocks.