financial crisis

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Why disclosure wasn't enough to stop JPMorgan losses

May 22, 2012
After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
Posted In: banking, financial crisis, JPMorgan, Jamie Dimon

Stockton on the brink

May 18, 2012
The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
Posted In: stockton, california, bankruptcy, financial crisis, foreclosure

Nailing a comeback

Mar 21, 2012
Connecticut contractor Peter Schneider is surviving the recession thanks to his hard-won skills, hard-working attitude, and a little bit of luck.
Posted In: bethel, Connecticut, housing market, financial crisis, construction

Shooting for the stars, learning to manage debt

Mar 21, 2012
A Seattle family learns the hard way how to manage its finances.
Posted In: Seattle, family budget, mortgage, financial crisis

Iceland's former prime minister goes on trial

Mar 5, 2012
One of the first places to be hit hard by the 2008 financial crisis was Iceland. The country's three main banks collapsed, ushering in hard times for the island nation, and sending monetary shockwaves across Europe.
Posted In: Iceland, financial crisis

Former PM of Iceland faces charges over financial crisis

Mar 5, 2012
Iceland suffered a total financial collapse back in 2008. Today, the country's former prime minister goes on trial for his role in it.
Posted In: Iceland, financial crisis

Former British banker gets knighthood revoked

Feb 1, 2012
Fred Goodwin led the Royal Bank of Scotland when it nearly collapsed during the financial crisis in 2008. The queen has now taken away his title of knight, leaving him in some less-than-honorable company.
Posted In: Britain, financial crisis, United Kingdom, Queen Elizabeth II

Criminal charges expected for ex-Credit Suisse traders

Feb 1, 2012
The government is expected to file criminal charges today against two former traders at the investment bank Credit Suisse for allegedly misstating the value of mortgage bonds back in 2008.
Posted In: Credit Suisse, financial crisis, legal

Federal prosecutors target former Credit Suisse traders

Feb 1, 2012
Prosecutors are expected to file criminal charges against traders from Credit Suisse for inflating the value of mortgage bonds back in 2008. Why it has taken so long for these charges to be filed?
Posted In: Credit Suisse, legal, financial crisis

Citigroup case could head to court

Nov 29, 2011
A New York judge has put the kibosh on a $285 million settlement between Citigroup and the Securities and Exchange Commission.
Posted In: Citigroup, financial crisis

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