Five years ago, the U.S. financial system was rocked by a crisis that sent the economy into a tailspin.
Here’s a look at what has happened to some of the big players behind the economic meltdown, whose choices helped cause or worsen the financial crisis.
After years of investigations
Former U.S. Treasury Secretary will play active daily role in managing Warburg Pincus
Doesn’t include resolution to ongoing criminal probe
Fine is the largest ever for a securities fraud class action lawsuit
Amid worries of Asia’s rising debt, an HSBC study notes that, based on ratios of bank credit to GDP for the region, “leverage is now higher than at the peak before the Asian crisis in 1997”
Would the world be a happier place if we just got rid of all the bankers? Well, no. The financial sector, for all of its foibles, is as necessary for the economy as blood is for our bodies: it facilitates trade, allocates …
Mitt Romney no doubt appreciates the million bucks his former Bain Capital protégé Edward Conard has donated to his election SuperPAC. He may not appreciate quite as much the shout-out he gets in the acknowledgements of …
Anyone out there who thinks the euro zone debt crisis is over – and you know who you are – should take a good look at what’s going on in Spain. If Italy represented the biggest threat to the euro in 2011, then Spain will be …
The Federal Reserve announced late Tuesday the details of its latest “stress test” of major American financial institutions, and the markets greeted the results with qualified optimism. Nineteen banks submitted capital plans to …
Amid all of the aggressive market reform that has taken place in China over the past 30 years, the country’s financial and capital markets are a glaring exception. Capital controls restrict flows of money in and out of the …
The greatest threat to any long-term investor is inflation. It not only erodes the value of stocks and bonds, but also depresses economic growth and misleads policymakers.
