Wealthy Indians living overseas were shocked by the latest attacks on the country's financial capital, but still see their home country as a good place to invest given its long-term growth potent....

Wall Street's pain is rippling through U.S. small businesses, as bankers who once pulled in million-dollar bonuses lose their jobs and cut back spending on everything from parties to home improve....

As world leaders meet this weekend to shore up the global financial system, one of its original architects says the 64-year-old system is not the problem. Jacques Polak, the last known surviving d....

Economic pain just starting for Baltic states

Latvia's rescue of its second-largest bank shows global turmoil has finally hit the Baltic region, but the pain is just beginning for the three former high-flying nations as a painful recession a....

Management of the Pension Funds of the Second Pillar

MARINOS G. GIALELI The management committees of the Provident and Pension Funds should have as their main concern to draw up and implement an investment strategy with specific targets which will yiel....

Time for bankers to risk an apology?

No-one expects a fallen Master of the Universe to say sorry. But academics say an apology -- for all the litigation risk it entails -- can be the basis of revitalised confidence and trust. With gl....

Happy Danes find trust is key

In times like these, no one is immune to depression. But surveys show the Danes are the happiest people in the world, and a core factor is a quality in global short supply -- trust. From Erasmus U....

After U.S. bailout party, beware the hangover

The price of averting a U.S. financial sector meltdown goes well beyond the mind-boggling sums that the government is handing out and may be repaid with years of higher borrowing costs and slower econ....

ANALYSIS-UK bank bailout massively boosts govt exposure

The UK government's bank bailout scheme seems to have triggered a palpable change in financial market sentiment but it leaves the UK taxpayer massively exposed to potentially risky assets. Un....

NEWSMAKER-Goodwin's RBS dream was a deal too far

Fred Goodwin became Europe's highest profile casualty of the credit crunch after striking a deal too many at Royal Bank of Scotland. RBS was on Monday forced to get 20 billion pounds ($34.5 b....

Wall Street panic rolling over consumers worldwide

A London businessman may have to put off his wedding. A Hong Kong housewife is too worried to make investments. A student in Slovenia sees an automobile loan fall out of reach. And a real estate agent....

Financial crisis scuffs well-heeled U.S. shoppers

Susan Coyne had her heart set on a new pair of earrings at Saks Fifth Avenue in New York, a purchase she would not have thought twice about even a few weeks ago. But on Tuesday, she could not go t....

Bank savers run at the click of a mouse

What if there were a run on a bank and no one knew? In recent days some U.S. media have focused on a "silent run" on the deposits of Wachovia bank, which is now being taken over, after a b....

Guarantees, cash injections offer scant reassurance

More European governments followed Germany's lead on Monday offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 y....

How Congress may complete bailout bill this week

The fate of the $700 billion Wall Street bailout plan is now in the hands of the House of Representatives and leaders are cautiously hopeful that Congress can complete action on it this week. The Se....

Scenarios for EU response to financial crisis

European Union leaders are looking at what they can do to strengthen the bloc's financial system after they were forced to rescue banks in Britain, Belgium and Germany. The following are some s....