With university education more expensive than ever in the US, more and more students are taking out loans to cover the costs. But with America's economy on rocky ground and well-paying jobs scarce, many graduates are defaulting on their loans. Some economists now worry that the student bubble might burst.
The Bank of America agreed on Thursday to pay a record $335 million in a civil suit after it was accused of discriminating against minorities by charging them higher interest rates and advising them to take out more expensive subprime loans.
Tom Burges Watson meets Andrew Ross Sorkin, the New York Times’ chief reporter on mergers and acquisitions. Barely a year after the collapse of Lehman Brothers, he bashed out no less than 539 riveting pages amounting to a second - or even third - draft of history, entitled "Too Big to Fail".
What happens when a small, devastated city in the US takes on the big banks of Wall Street? In Jean-Stephane Bron’s documentary “Cleveland Versus Wall Street”, we find out. Eve Jackson talks to him about who was to blame for the subprime crisis that led to millions losing their homes.
In his new documentary “Cleveland Versus Wall Street”, Swiss director Jean-Stéphane Bron examines the US subprime and housing crises through an unusual lens: the movie stages a trial that pits struggling Midwesterners against Wall Street bankers.
Two years after dangerous real estate gambles brought the global economy to its knees, Wall Street regulators are investigating whether nine major financial companies lied to ratings agencies or sold products they wanted to fail.
The US financial watchdog, the Securities and Exchange Commission (SEC), has filed a lawsuit against US investment bank Goldman Sachs over the marketing of a debt product tied to subprime mortgages.
What can bankers learn from theatre? The financial crisis has inspired several plays on stages around Europe. In this edition of Beyond Business we look closer at two examples, and speak with a philosopher behind one of them. The financial sector may just learn a valuable lesson.
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.
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.
