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FINANCIAL CRISIS
Lehman bank collapse: one year on
On September 15, 2008, Lehman Brothers went bankrupt, victims of the subprime crisis and excessive risk-taking. Exactly one year after the scandal, former employees reflect on the fall and its consequences.
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FINANCE
US Treasury proposes new regulations on derivatives
The US Treasury has drawn up new proposals to scrutinise derivatives, the financial instruments believed to have contributed to the collapse of big firms in the financial crisis, including a call for capital requirements for firms selling them.
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WORLD PRESS PHOTO 2009
American wins photo award for sub-prime eviction picture
American photographer Anthony Suau won the World Press Photo award for his picture of an armed sheriff moving around a home whose inhabitants have been evicted as a result of the sub-prime mortgage crisis.
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BANKING
UBS posts record €13bn loss, trims more jobs
Switzerland's largest bank has announced a record €13 billion loss for 2008, its second consecutive full-year loss. UBS also said it would cut another 2,000 jobs at its loss-making investment banking unit.
BANKING
UBS to announce record €13.3 billion loss
Switzerland's largest bank is expected to cap a ghastly year on Tuesday by announcing a record €13.3 billion loss for 2008. UBS has seen its share value plunge 82% and has shed over 9,000 jobs since the beginning of the subprime crisis.
UNITED STATES - REAL ESTATE
Sales of new homes dive to historical low
In December, less than 331,000 new houses were sold across the US meaning a 14.7% monthly slip that caps a year that counted a 37.8 percent drop. It is the lowest number recorded since statistics became available to measure house sales in 1963.
banking - financial crisis - Lebanon - subprime
Riad Salamé, governor of the Central Bank of Lebanon
The governor of the Central Bank of Lebanon, Riad Salamé, explains why his country hasn't been hit hard by the international financial crisis - or Lebanon's own political uncertainty.
bailout - subprime
Should banks be nationalised?
As the credit crunch continues to squeeze wealth out of global stock markets, governments have injected billions into the banking sector to keep it afloat. But should they go further towards nationalisation?
FINANCIAL CRISIS
Switzerland places UBS in intensive care
The Swiss state will inject 60 billion Swiss francs (3.9 billion euros) in UBS in return for a temporary 9.3% stake in the beleaguered bank. The country's largest lender, UBS is also one of Europe's worst hit by the US subprime crisis.
bailout - financial crisis - subprime
André Lévy-Lang, former Paribas chairman, finance professor
As the crisis spreads swiftly around the globe, the financial contagion hits Europe. FRANCE 24's Raphaël Kahane asked former chairman of Paribas and professor of finance André Lévy-Lang how European economies should respond.
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