Global Financial Crisis 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 2025Geithner 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 2024Populist 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 2023SP 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 2023Global 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 2023Yellen, 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 2023Midsize 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 2023FDIC 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 2023How 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