financial crisis
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IMF Chief: Current Fallout Worse Than 2008 Financial Crisis
EghtesadOnline: The coronavirus pandemic has created an economic crisis “like no other” — one that is “way worse” than the 2008 global financial crisis, the International Monetary Fund’s top…
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Central Banks Have Run Out Of Ammunition: OECD Chief
EghtesadOnline: Roughly a decade after the global financial crisis, central banks around the world may not have much left in their toolkit to boost the economy, according to the head of the Organizati…
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Morgan Stanley's Late-Cycle Playbook Says Buy U.S. Stocks, Euro
EghtesadOnline: The second half of this year may be a golden opportunity for investors to enjoy handsome returns from the most benign global economic backdrop since the financial crisis, before…
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U.S. regulators look at Volcker Rule, a sign they hear Wall Street
EghtesadOnline: U.S. financial regulators on Monday discussed the Volcker rule governing banks' speculative trading, tackling one of Wall Street's biggest concerns and a sign President Donald…
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Global Art Sales Fall 11% to Lowest Point Since Recession
EghtesadOnline: The global art market contracted for the second straight year in 2016, falling to the lowest level since the financial crisis as economic and political volatility weighed on auction…
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What Happened to Banker Bashing?
EghtesadOnline: They were called public enemies. They were strung up in effigy during protests in London and New York. Their behavior spurred an outcry that changed the politics of the West.
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More Hedge Funds Shut Last Year Than Any Time Since the 2008 Crisis
EghtesadOnline: More hedge funds closed in 2016 than in any year since the financial crisis as investors moved money to larger firms and withdrew assets.
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World’s Biggest Banks Fined $321 Billion Since Financial Crisis
EghtesadOnline: Banks globally have paid $321 billion in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and terrorist financing, according…
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Moody's pays $864 million to U.S., states over pre-crisis ratings
EghtesadOnline: Moody's Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial…
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Goldman shares hit highest level since financial crisis in post-election rally
EghtesadOnline: Shares of Goldman Sachs Group Inc on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post-U.S. presidential election rally.
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Three-Pronged IMF Approach to Accelerate Global Growth
EghtesadOnline: Since 2008, when the upheaval of the financial crisis descended on global markets, the International Monetary fund, among other global institutions, scrambled to help governments…
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New York City construction spending forecast to hit record: report
EghtesadOnline: Construction spending in New York City is on track this year to surpass the record set just before the financial crisis as an all-time high in city jobs drives strong demand for…
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Regulators taking another look at costs of Wall Street safety rule
EghtesadOnline: Just as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current and former regulators wonder whether one of the rules…
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Where the Next Crisis Will Come From
EghtesadOnline: Next year ends in a 7. If you’re superstitious or a little loose with statistics, that makes us due for another financial crisis. The biggest one-day stock drop in Wall Street…