US recession ‘may last into 2010′
Federal Reserve chairman Ben Bernanke warns Congress that the US recession may last beyond the end of the year.
February 24, 2009
Bernanke warns of instability risks
Federal Reserve chairman Ben Bernanke warned the ’severe’ US recession may drag into 2010 unless the government succeeds in stabilising the banking system and financial markets with strong action
Business investment falls sharply
The financial squeeze at the nation’s banks is taking a toll on business investment, according to official data which showed a sharp fall in investment in private and public sector manufacturing in the fourth quarter
Recipe for Disaster: The Formula That Killed Wall Street
A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li’s work on measuring risk has had more impact, more quickly, than previous Nobel Prize-winning …
Lloyds makes lending pledge to Darling
The chancellor is set to drop the £480m annual interest on the bank’s taxpayer loan in exchange for a promise to provide billions in extra mortgage funding and loans
