Latest Financial crisis News
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
LONDON (AP) — A review of the Bank of England's economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions. ...
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
LONDON (AP) — A British financial trader, who has been described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis, lost his appeal Wednesday to have his conviction quashed. Tom Hayes, 44, who was a former trader at U.S. bank...
University of Arizona president to get a 10% pay cut after school's $177M budget shortfall
TUCSON, Ariz. (AP) — University of Arizona President Robert Robbins is about to get a salary reduction, but he doesn’t have a problem with that. In fact, he asked for it. Robbins has become a central figure in the school’s financial crisis. The university based in Tucson is...
