Manage The Numbers - Financial Crisis

Financial Crisis

US releases Puerto Rico debt crisis report, offers solutions

May 9, 2018

A new U.S. report details how Puerto Rico accumulated some $70 billion in public debt and suggests ways federal officials could help avoid a repeat of the crisis, such as removing a triple-tax exemption on the island's bonds

Argentina seeking credit line from IMF

May 8, 2018

President Mauricio Macri says Argentina has begun talks with the International Monetary Fund about a credit line following sharp devaluation of its currency

Mounting economic chaos leaves many Venezuelans in the dark

May 4, 2018

Blackouts have become increasingly common across Venezuela, a nation spiraling into disrepair amid a deepening political and economic crisis

Feds say Wilmington Trust officials victims of own arrogance

May 4, 2018

Prosecutors say four former Wilmington Trust executives who were convicted on fraud and conspiracy charges were victims of their own arrogance

Venezuela takes charge of big bank, arrests 11 executives

May 4, 2018

Authorities in Venezuela say they've arrested 11 executives at the country's largest private bank in an ongoing criminal takedown

Appeals court reverses conviction of ex-Wall Street trader

May 3, 2018

An appeals court in New York says a former Wall Street trader can be released from prison because he was improperly convicted of fraud

IOC says boxing still risks being removed from 2020 Olympics

May 3, 2018

The IOC says boxing still risks being kicked out of the 2020 Tokyo Olympics amid concerns about the sport's governing body

EU predicts bright outlook for economy, tougher times for UK

May 3, 2018

The European Union is expecting strong growth this year and next year while but predicts departing Britain will have tougher times.

IMF to Venezuela: Show us your financials

May 2, 2018

The International Monetary Fund has censured Venezuela for failing to share updated figures on its troubled economy

Co-author of Dodd-Frank says bill's foundation will survive

May 2, 2018

Congress is trying to pass a hefty rewrite of banking law that bears his name. Why isn't Barney Frank worried?