The Chairman of the US Federal Reserve, Ben Bernanke last week declared rather cautiously that the recession is over! If so, should federal bank bailouts continue? Read the rest of this entry »
Archive for category economy
A study by the Migration Policy Institute has shown that the recession had direct impact on global migration. The number of people traveling abroad for work opportunities has been decreasing while majority of immigrants have chosen to remain Read the rest of this entry »
Shareholders want Boards Out
Sep 29
Public outcry against banks during this recovery period especially on the issue of huge salaries and benefits bankers have accrued to themselves has gone a step further as many shareholders are vehemently opposing directors of banks over matters relating to big salaries and rewards against poor performance of stocks. Many shareholders simply want boards to be scrapped. This was revealed in a recent study. Read the rest of this entry »
Urgent bank reforms
Finance ministers from both rich and developing nations have called for an immediate reform of the banking systems in developed countries.