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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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The International Monetary Fund is looking at raising its share of Greece??s financial rescue package by ?10bn amid fears that the planned ?45bn bail-out will fail to prevent the country??s debt crisis from spiralling out of control.
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GMAC Financial Services said on Monday its Residential Capital unit had agreed to sell its European mortgage assets and businesses to affiliates of hedge fund and private equity firm Fortress Investment Group (FIG.N).
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Jean-Claude Trichet, president of the European Central Bank, on Friday called for tougher regulation and oversight of the credit default swap market.
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A one-year probe into the collapse of Lehman Brothers found ??credible evidence? that top executives, including the former chief Dick Fuld, approved misleading financial statements and used an ??accounting gimmick? to flatter results.
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