Obama administration economic adviser, Jason Furman claimed the effects of the coronavirus on the economy may end up being worse than the 2008 housing crisis. He advocated for a stimulus plan to assist service industry workers, who may soon be out of jobs.
Blip or bust: coronavirus economic impact still in doubt
When the Great Recession began in 2008, entrepreneurs had tremendous difficulty in securing capital, but that has changed now.
For a solid decade after the collapse of Lehman Brothers touched off a global financial crisis, there was good reason to think the U.S. economy remained broken, from skepticism about the health of the labor market to tepid economic growth and the moribund rate of interest paid on U.S. Treasury bonds.
Cohn's comments mostly tracked the sentiment of Wall Street bankers and other wealthy Americans who have felt unfairly maligned for the mortgage market’s collapse and the economic downturn that ensued.
JP Morgan is predicting the next crisis will strike in 2020.
G-7 leaders wrapped up a summit in central Japan vowing to use “all policy tools” to boost demand and ease supply constraints.
G7 Summit 2016: Global Economic Risks Dominate Agenda As Shinzo Abe Compares Conditions To Financial Crisis
The G-7 meeting comes at a time when economies are still struggling to recover from the China slowdown and the plunge in commodities.
Wealth Disparity By Race: After 2008 Financial Crisis, Black And Hispanic Families Have Dwindling 401(k) Balances
Since 2007, the balance for 401(k) and similar plans held by African-American households dropped by at least $14,700 — from $31,100 to $16,400 in 2013.
“We can never speak to each other unless I get the word from Jeb! (Ha, ha!)”
Election 2016: Ted Cruz, Scott Walker, John Kasich Disclose Personal Finances; Who Is Rich And Who Is In Debt?
Financial disclosure forms show that Republican presidential candidates John Kasich and Ted Cruz are millionaires, while Scott Walker may be in debt.
Dick Fuld, Former CEO Of Failed Bank Lehman Brothers, Speaks Publicly For First Time Since Financial Crisis
The former boss of Lehman Brothers, whose 2008 collapse helped trigger the financial crisis, spoke publicly for the first time in seven years.
Earnings News: Goldman Sachs Group Inc (GS) Q4 Profit Tumbles 7% After Bond Trading Business Plunges 29%
Profit at Goldman Sachs' bond trading business, traditionally a strong unit, plunged 29 percent last quarter due to multiple bouts of market volatility.
The problem carried over for the past five years.
Maryland's move into "alternative investments" cost taxpayers more than $1 billion in unrealized returns, says a new study.
Banking laws designed to cut off funds to terror groups are woefully outdated.
GM Ignition Switch Recall Hearing Live Blog: CEO Mary Barra, NHTSA Official David Friedman Appear Before Senate Committee
GM CEO Mary Barra was on Capitol Hill for a second day of hearings into the ignition switch recall of approximately 2 million cars.
Wall Street Exodus: Young Bankers Growing More Disenchanted, Flocking To Silicon Valley, According To New Book
Young Wall Street bankers have grown disenchanted with their careers, and their stories are told in Kevin Roose's new book, "Young Money."
JPMorgan Chase & Co. (JPM) Earnings Preview: Q3 Earnings Down As Litigation Issues Continue, But Bank Remains Top Pick
America's biggest bank by assets to reveal losses in this quarter as trading revenues and litigation costs soar.
Obama Will Highlight Job Creation On Monday, But U.S. Needs 1.9 Million Jobs Right Now Just To Get Back To Pre-Recession Levels Of Employment
The U.S. president will tout gains of 7.5 million jobs since early 2010. Great, but the U.S. lost 8.7 million.
The Death Of Lehman Brothers: What Went Wrong, Who Paid The Price And Who Remained Unscathed Through The Eyes Of Former Vice-President
Five years after excessively risky behavior brought Lehman Brothers down, the company survives as a ghost of its former self.
When Lehman Brothers collapsed, it took down the careers of Dick Fuld, Erin Callan and Joe Gregory, among others.
Lehman Brothers, Macaca Politics, Gays In Nigeria. In this week's IBTimes Magazine, a deep dive into global business and geopolitics.
After new regulations were passed in June in the UK, Barclays is scrambling to fill a $20 billion hole that appeared in its balance sheet.
China Says Some Of Its Banks Violated Lending Rules, Doling Out $4.6B In Loans, Says Another $2.9B Was ‘Embezzled’ By Clients
The Chinese government is trying to slow down lending due to fears it’s causing major asset bubbles.
More than 1,000 creditors of Lehman Brothers International will accept a dividend next week at 68.5 cents on the dollar.
The nation's sixth-largest bank is expected to swing to a profit in the first quarter as equity underwriting increases.
Goldman Sachs' move may have changed the money market fund industry's practice of only reporting prices every 60 days.
Equity Residential and AvalonBay Communities will pay $6.5 billion for U.S. apartment owner Archstone.
The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc. said they settled a dispute over $38 billion in claims over client and creditor assets, a major step toward allowing customers and creditors to recover money.