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ARTICLES RELATING TO GLOBAL FINANCIAL CRISIS

Student makes luminaries eat their words

An economics student took on two eminent Harvard economists after finding glaring errors in an influential research paper - and won the battle.
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Six million jobs lost in EU since 2008

European Union economies have shed almost six million jobs since the global economic crisis struck in 2008, the International Labour Organisation says.

Global shadow banking hits $67 trillion

The system of so-called shadow banking blamed for aggravating the global financial crisis grew to $67 trillion globally last year.
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Shades of 2008

Could the eurozone crisis lead to a replay on steroids?

G8 leaders hope Greece remains in Eurozone

President Barack Obama says the US and other G8 members agree Europe's financial crisis must be addressed with a mix of growth and austerity measures.

Gordhan: SA financial sector resilient

The country's financial sector proved exceptionally resilient during the global financial crisis but risks remain, says Finance Minister Pravin Gordhan.

Eurozone woes dog banking sector

Despite a first quarter bounce, banks in the single-currency area remain wary as some have been hit by losses on Spanish property and fragile markets.

China's Wen sees risks to global recovery

China's Prime Minister Wen Jiabao says while the global economy has improved, the recovery is still fragile.
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HSBC revamp to cut jobs in UK

A source has told that Reuters Europe's largest bank, HSBC, is set to cut about 2 000 jobs in Britain as part of a drive to curb costs and boost profitability.

UK economy in first double dip since 1970s

Britain's economy has slid back into its second recession since the financial crisis after output unexpectedly slowed in the first quarter of this year.

Recovery reversal

Should we worry about a double-dip or new recession?

Goldman ups earnings, raises dividend

Goldman Sachs has reported higher-than-expected quarterly earnings on the back of cost-cutting and strong investment banking and trading revenues.

Citigroup profits beat forecasts

Citigroup has posted a rise in first-quarter profit, buoyed by capital markets and an improving economy.

JPMorgan to be fined over Lehman demise

A US regulator is set to file a civil case against JPMorgan for actions linked to the demise of Lehman Brothers, reports the New York Times.

European client pans Goldman

A top European asset manager has lashed out at Goldman Sachs for taking too long to reassure clients after a former staffer claimed they were called muppets.
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