An outgoing Goldman Sachs executive fired a vicious parting shot at his former employers, slamming the banking giant as “toxic and destructive” in a resignation letter that was published by the New York Times on Wednesday.
Are credit ratings agencies safeguarding the world's financial system, or are they a threat to it? In this edition we turn the spotlight on credit ratings agencies. Several years ago, few people outside financial circles paid much attention to Standard and Poor's, Moody's and Fitch. But nowadays, they attract headlines on an almost daily basis.
Texan financier and cricket tycoon Allen Stanford faces up to 20 years in prison after being found guilty on Tuesday of perpetrating a $7 billion Ponzi scheme that swindled 30,000 people in over 100 countries.
As countries throughout the Sahel region struggle to stave off the return of famine, we take a look at the pressures faced by families in Mauritania trying to find enough to eat. Meanwhile, cash-strapped Libya is trying to get its people to trust and invest in their banks. Finally, we meet the rising stars of Algeria's pop scene. Cameleon are still waiting to turn their online popularity into global fame.
The operator of Japan's Fukushima Daiichi nuclear plant said Monday it expects to post an $8.95 billion net annual shortfall due to costs and compensation payments related to last year’s crisis. Tokyo has promised the firm a similar amount in aid.
Iranian lawmakers vowed Tuesday to ban crude oil exports to European nations, a day after US officials announced new sanctions aimed at disrupting financial transactions by Iran's central bank and other institutions.
British Prime Minister David Cameron might be at odds with Nicolas Sarkozy over the French president’s proposed "Tobin tax" on financial transactions. But it seems some in the French trading community agree with him.
British Prime Minister David Cameron warned Monday that France's banks will flee to Britain if French President Nicolas Sarkozy goes ahead with plans to levy a 0.1% tax on financial transactions. Cameron called the French tax proposal "mad".
Markus Karlsson meets with the Swedish Finance Minister, Anders Borg, at the World Economic Forum in Davos, Switzerland. Anders Borg was ranked the best EU-finance minister in 2011 by the Financial Times.
Even if it was off the record, you know it’s not going well for the incumbent when he starts contemplating life after the presidency. François Picard’s panel looks at why Nicolas Sarkozy finds himself 20 percentage points down in the polls.
