Manage The Numbers - Financial Crisis

Financial Crisis

Royal Bank of Scotland sets aside $3.8 billion for fines

Jan 26, 2017

Taxpayer-owned Royal Bank of Scotland says it has set aside an additional $3.8 billion to cover fines and litigation costs related to its sale of bonds backed by U.S. subprime mortgages before the global financial crisis

Puerto Rico's new governor seeks to repay portion of debt

Jan 25, 2017

Puerto Rico's new governor has scrapped a debt moratorium law and submitted a bill that calls for partial payments of the U.S. territory's nearly $70 billion public debt

Jan 25, 2017

China faces political conflicts in moves to cut debt burden

Chinese leaders face conflicting political pressures as they begin tackling a swelling mountain of corporate debt that is fueling fears of a financial crisis

New study: Trump to inherit $559B deficit, stable economy

Jan 24, 2017

Congressional analysts are projecting that President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year

Star Chinese stock trader jailed for manipulating prices

Jan 23, 2017

A star Chinese stock trader who was arrested after a market collapse in 2015 has been sentenced to 5½ years in prison for manipulating share prices and insider trading

Puerto Rico governor rejects federal control board orders

Jan 20, 2017

Puerto Rico's new governor is rejecting orders from a federal control board in the first clash over how best to tackle the island government's deep financial crisis

Jan 20, 2017

Treasury pick defends foreclosure actions, asset disclosure

Steven Mnuchin, President-elect Donald Trump's pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over Mnuchin's handling of thousands of mortgage foreclosures

Jan 19, 2017

S. Koreans' ties with Samsung are lifelong, often conflicted

It's difficult for people outside South Korea to fully grasp what Samsung means inside its home country, where it is far more than just another big company

Jan 18, 2017

Yellen: Expect Fed to gradually hike rates over next 3 years

Federal Reserve Chair Janet Yellen says the economy has come a long way in recovering from the 2008 financial crisis, and the Fed is getting close to achieving its goals of maximum employment and stable inflation

Credit Suisse to pay $5.3B over mortgage-backed securities

Jan 18, 2017

Credit Suisse has agreed to pay $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis