financial crisis

The bankruptcies of US banks Silicon Valley Bank (SVB) and Signature do not pose a danger to French financial institutions, Finance Minister Bruno Le Maire said Monday as authorities in the US and UK took…

The US government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all…

Issued on: 10/03/2023 - 19:10 California banking regulators on Friday closed SVB Financial Group, the largest bank failure since the financial crisis, moving quickly to…

The Rise of Central Banks: State Power in Financial Capitalism by Leon Wansleben, Harvard University Press, 2023  In 2007, an economist at Carnegie Mellon University wrote a paper in praise of central banks. “How the world achieved…

India’s Reserve Bank Governor, Shaktikanta Das, warned the next financial crisis can be triggered by private cryptocurrencies, if allowed to grow. | Photo Credit: Reuters Pressing for the prohibition of instruments like Bitcoin, Reserve…

By KRUTIKA PATHI and ELAINE KURTENBACH - Associated Press BANGKOK (AP) — Leaders from around the Asia-Pacific were wrapping up a summit in Bangkok, Thailand, with talks Saturday on how to steer the…

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI - Associated Press LONDON (AP) — Millions of British people face higher taxes and steeper energy bills after the government announced an emergency budget on…

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI - Associated Press LONDON (AP) — The British government increased a tax on the windfall profits of energy companies as part of a 55 billion pound ($65…

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI - Associated Press LONDON (AP) — U.K. Treasury chief Jeremy Hunt has pledged help to the most vulnerable weather Britain’s cost-of-living crisis, even as he…

By DANICA KIRKA, JILL LAWLESS and SYLVIA HUI - Associated Press LONDON (AP) — The British government was increasing the windfall tax on the profits of oil and natural gas companies in an emergency…