financial crisis

Orange County Real Estate Firm Signals Next Leg of Financial Crisis

  IRVINE, Calif./ Dec. 5, 2018 (STL.News) With the S&P 500 closing firmly below a key benchmark at 2,750, the law firm of McFarlin LLP is sending out a market alert regarding the next leg of the financial crisis that started in 2008. This could affect millions of California homeowners and consumers. Many market observers … Continue reading Orange County Real Estate Firm Signals Next Leg of Financial Crisis

BRUSSELS | Eurozone ministers reach compromise deal on reform package

BRUSSELS  — Eurozone finance ministers have agreed to strengthen the single currency bloc’s defenses against any future financial crisis. Eurogroup President Mario Centeno said early Tuesday that “after several months of intense negotiations and a very tough and long meeting we delivered a comprehensive plan to strengthen the euro.” Centeno said that new measures will … Continue reading BRUSSELS | Eurozone ministers reach compromise deal on reform package

ISLAMABAD | Pakistan’s currency plunges again as country seeks IMF loan

ISLAMABAD— Pakistan’s currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund. The Pakistani rupee traded at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business the previous day. Analyst Mohammad Suhail … Continue reading ISLAMABAD | Pakistan’s currency plunges again as country seeks IMF loan

MILAN | Italy to press on with budget, asks EU sanctions be delayed

MILAN — Italy’s leader said Thursday that the government will speed up investments to help economic growth, but that the main points of its big-spending budget plan would not be changed despite the EU’s warning it is in serious breach of the rules. Giuseppe Conte told lawmakers that if eurozone countries impose sanctions against Italy … Continue reading MILAN | Italy to press on with budget, asks EU sanctions be delayed

CHICAGO | Turbulent stock market spooks some older workers, retirees

CHICAGO — The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. There’s no indication, though, that the recent volatility has brought about large-scale overhauls in retirement planning. “There’s a lot of fear that if you have … Continue reading CHICAGO | Turbulent stock market spooks some older workers, retirees

NEW YORK | Japanese bank Nomura to pay $480M for role in housing crisis

NEW YORK— Japanese bank Nomura is agreeing to pay $480 million to U.S. authorities for its alleged role in the housing market bubble and the subsequent 2008 financial crisis. The Justice Department alleges Nomura defrauded investors by knowingly selling mortgages that were not appropriately underwritten, which led to significant losses once those mortgages went sour. … Continue reading NEW YORK | Japanese bank Nomura to pay $480M for role in housing crisis

NEW YORK | Goldman Sachs, Morgan Stanley both report strong 3Q profits

NEW YORK — The leading U.S. investment banks — Goldman Sachs and Morgan Stanley — each reported third quarter profits that beat analysts’ expectations Tuesday, helped by strong performance in their trading operations and better-than-expected revenue from stock underwriting. Goldman Sachs, the larger of the two banks, reported a profit of $2.52 billion in the … Continue reading NEW YORK | Goldman Sachs, Morgan Stanley both report strong 3Q profits