Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke, appearing on Capitol Hill defend the escalating government bailout of insurer AIG and call for new era of regulation.


WASHINGTON, DC, UNITED STATES (MARCH 24, ...   more »

U.S. Treasury Secretary Timothy Geithner says banks may need more bailout money.

WASHINGTON, D.C., UNITED STATES (MARCH 23, 2009) POOL -
U.S. Treasury Secretary Timothy Geithner said on Monday (March
23) it may take more ...   more »

U.S. charges Madoff accountant David Friehling with fraud. Friehling is the
first person besides Madoff to be arrested on criminal charges in the
case.

NEW YORK, NEW YORK, UNITED STATES (MARCH 18, 2009) REUTERS -
...   more »

But Mintel finds many feel the pinch, especially under-45s and Hispanics

CHICAGO--(BUSINESS WIRE)--The wise financial habits that helped Mass Affluent* Americans achieve their wealth seem to be helping them withstand the recession too. A new ...   more »

British financial regulator warns banks to get ready for smaller
profits and more regulation.

Banks will have to retain more capital in future, curtailing their ability
to make bumper profits in boom times but making ...   more »

British Prime Minister Gordon discusses world financial crisis with African finance ministers and bankers in London.


LONDON, UNITED KINGDOM (MARCH 16, 2009) POOL -
British Prime Minister Gordon Brown told African leaders meeting in
London ...   more »

South African mobile phone operator MTN launches latest African money transfer system for unbanked customers on the continent and the Middle East, aiming to boost subscriber loyalty and entice new users.


JOHANNESBURG, SOUTH AFRICA (MARCH ...   more »

Public in uproar over multi-million dollar bonus payouts from taxpayer-rescued AIG.

NEW YORK, NEW YORK, UNITED STATES (MARCH 17, 2009) REUTERS -
American International Group Inc (AIG), which has received 180
billion (USD) in taxpayer ...   more »