Global Financial Crisis News

News

Vijay Mallya's BIG claim on Kingfisher crisis: ‘Reached out to then FM Pranab Mukherjee, was told…'

In a podcast interview, Vijay Mallya attributed the downfall of Kingfisher Airlines to the 2008 financial crisis, which he claimed impacted all sectors. He also mentioned his efforts to seek assistance from Pranab Mukherjee to reduce operations due to financial constraints.

2 min read6 Jun 2025
News

Geithner Sees ‘Dark Shadows’ for Next President, Warns on Dollar

The two US Treasury secretaries who navigated the nation through the global financial crisis said the next administration will inherit a vibrant economy with “dark” challenges, calling on politicians to address the fiscal deficit and safeguard market competition.

3 min read31 Jul 2024
Opinion

Populist policies can be myopic and also very hard to challenge

Public approval can be won with sound-bytes while economists struggle to explain complex adverse effects that go unseen

4 min read31 Aug 2023
Money

Investors have reason to fear a strong economy

Meet the next pain trade

3 min read6 Jul 2023
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Opinion

SP Hinduja: The man with an uncanny business instinct

His commitment to social causes was genuine. Hinduja National Hospital stands as testimony to his concern for the needy and the poor. He never hesitated to invest in the best equipment, even if it did not make any commercial sense.

2 min read17 May 2023
Economy

Global trade may grow 1.7% in 2023 despite war: WTO

Trade growth should rebound to 3.2% in 2024 as GDP growth picks up to 2.6%, but this estimate is more uncertain than usual due to the presence of substantial downside risks, including rising geopolitical tensions and global food insecurity, the trade body said.

1 min read5 Apr 2023
Industry

Yellen, Powell welcome Credit Suisse-UBS deal

The capital and liquidity positions of the US banking system are strong, and the US financial system is resilient, say Yellen and Powell

1 min read20 Mar 2023
Industry

Midsize US banks ask FDIC to insure deposits for two years

Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures, the Mid-Size Bank Coalition of America said

2 min read19 Mar 2023
Companies

FDIC said to move toward breakup plan for Silicon Valley Bank

The Federal Deposit Insurance Corp. is now seeking to sell the failed bank in at least two parts

1 min read19 Mar 2023
News

How Warren Buffett rescued US biggest banks from financial crisis

Warren Buffett, the Oracle of Omaha's frugal decision has helped two big banks overcome the crisis during their worst period.

2 min read19 Mar 2023