If there’s one thing the financial crisis has made crystal clear now, it’s that it’s time to let the banks fail. There’s no longer any reason why the banking sector, which clearly dragged us into the biggest financial crisis for a century, should therefore be subsidised by the taxpayer in order to simply continue it’s [...]

European equities markets were mostly lower Friday on continuing concerns that the debt problems of some European nations could hamper economic recovery, as well as on China’s announcement that it has increased reserve requirements for its banks in order to cool inflation there. The FTSE 100 was 0.62 percent lower to 5,732.83 in London, while [...]

As Ireland looks set to accept a multi-billion euro loan, the International Monetary Fund (IMF) and EU officials have commenced their investigation of Ireland’s bank books. Yesterday, Governor of the Irish central bank, Patrick Honohan, said the country is expected to accept a “very substantial loan”. The news comes as speculation has been mounting all [...]

Influential think tank, the Organisation for Economic Co-operation and Development (OECD) has today revised its growth for the UK economy, as a result of the Coalition Government’s austerity measures, designed to bring down the budget deficit. However, the revision comes as no surprise as experts have been predicting that the harsh spending cuts will undoubtedly [...]

European equities markets were higher Thursday on the likelihood that Ireland will get a bailout for its banks to the tune of tens of billions of euros, and after an index of leading indicators was up for a fourth consecutive month in the United States and the US Labor Department reported that fewer Americans filed [...]