Financial crisis

Lebanon on brink of breakdown as financial crisis escalates
A queue outside a petrol station in Beirut, Lebanon
In Depth

Lebanon on brink of breakdown as financial crisis escalates

Hyperinflation has triggered ‘disastrous’ shortages of medicines and fuel
7 Jul 2021
Why economic crash could cost more lives than coronavirus
Kuwait coronavirus
In Depth

Why economic crash could cost more lives than coronavirus

Experts are predicted a global downturn ‘at least as bad’ as the 2008 crisis - and possibly worse
25 Mar 2020
Could junk debt lead to a new subprime-style meltdown?
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In Brief

Could junk debt lead to a new subprime-style meltdown?

Bank of England sparks concern among central banks after revealing the size of the global risky loan market
21 Jan 2019
Harry Leslie Smith: left-wing activist dies aged 95
Harry Leslie Smith
In Depth

Harry Leslie Smith: left-wing activist dies aged 95

Admirers of tireless anti-austerity campaigner flood Twitter with #IStandWithHarry hashtag
28 Nov 2018
UK economy ‘heading for worst year since financial crisis’
The City of London
In Brief

UK economy ‘heading for worst year since financial crisis’

Economists downgrade GDP growth forecasts due to Brexit uncertainty and sluggish consumer purchasing power
15 Oct 2018
Europe’s biggest banks fined for money laundering
The City of London
In Brief

Europe’s biggest banks fined for money laundering

All five of the UK’s largest banks have been sanctioned for money laundering offences within the last decade
10 Oct 2018
Why average wage may not double for a century
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In Brief

Why average wage may not double for a century

New report says ‘dismal productivity’ following the financial crisis has halved wage growth in UK
9 Oct 2018

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Financial crash anniversary: how the world has changed
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In Depth

Financial crash anniversary: how the world has changed

The Week looks at the lasting economic, political and social consequences of the 2008 crisis
14 Sep 2018
Are we sleepwalking into another financial crisis?
New York Stock Exchange
In Depth

Are we sleepwalking into another financial crisis?

Former PM Gordon Brown warns that problems surrounding the 2008 crash remain unresolved
13 Sep 2018
Labour: Lehman Brothers’ 10-year reunion party ‘sickening’
Lehman Brothers employees leave the bank's EU HQ in London in 2008
In Brief

Labour: Lehman Brothers’ 10-year reunion party ‘sickening’

Staff to hold cocktail and canapé get-together a decade after bank collapse sparked economic crisis
21 Aug 2018
Two-thirds of Brits still don’t trust banks
Anti-banking protest in London in 2009
In Brief

Two-thirds of Brits still don’t trust banks

Ten years on from the financial crisis, survey finds trust for banking system in short supply
17 Aug 2018
UK economy set for worst year since financial crisis
Storm clouds gather over the City of London
In Brief

UK economy set for worst year since financial crisis

Business group predicts lacklustre consumer spending, business investment and trade war will hit growth
19 Jun 2018
ECB to end stimulus programme by year’s end
 The Euro logo in front of the former headquarter of the European Central Bank in Frankfurt
In Brief

ECB to end stimulus programme by year’s end

European central bank to ease back on quantitative easing measures but continue to keep rates
15 Jun 2018
Barclays’ Qatar bailout charges dismissed
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In Brief

Barclays’ Qatar bailout charges dismissed

Serious charges thrown out, in a ‘major setback’ for the Serious Fraud Office
22 May 2018
RBS set for biggest privatisation in UK history
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In Brief

RBS set for biggest privatisation in UK history

US regulators impose $4.9bn penalty and pave way for Government to sell its 70% stake
11 May 2018
Davos: China promises bank rescue to avert financial crisis
China has ballooning household debt
In Brief

Davos: China promises bank rescue to avert financial crisis

Lessons learned from Lehman collapse prompt ‘blanket guarantee no major institution will be allowed to fail’
24 Jan 2018
Global financial system facing ‘perfect storm’
Wall Street's famous bull is a focus for protesters
In Depth

Global financial system facing ‘perfect storm’

Senior OECD banker says the financial system now more dangerous than in 2008
23 Jan 2018
RBS memo to ‘let customers hang themselves’ sparks fury
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In Brief

RBS memo to ‘let customers hang themselves’ sparks fury

Ex-MP says callous banking tactics following 2008 crash drove small business owners to suicide
18 Jan 2018
Link between recession and mental health problems explained
Mental health
In Depth

Link between recession and mental health problems explained

Financial crisis of 2008 led to rising unemployment, homelessness and poverty, says British Medical Journal
7 Sep 2016
Argentina's debt default: why does it matter?
The Argentine National Congress in Buenos Aires
In Depth

Argentina's debt default: why does it matter?

Described as a battle between 'vultures' and the people, Argentina's debt default could have serious consequences
31 Jul 2014
Barings rogue trader Nick Leeson lands insolvency job
Former rogue trader Nick Leeson speaks addresses a packed audience at a business seminar in Hong Kong on June 03, 2008.The former derivatives trader caused the collapse of the UK's oldest inv
In Brief

Barings rogue trader Nick Leeson lands insolvency job

Ex-banker who lost £827 million and caused the Queen's bank to collapse now advising those in debt
8 Apr 2013
CYPRUS: Why Russia is angry about bank levy
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In Depth

CYPRUS: Why Russia is angry about bank levy

Ordinary Cypriots are sympathetic to the Russians, who have boosted economy during the recession
19 Mar 2013
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