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Financial crisis

Fewer US banks failing as industry strengthens
U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008.
P.M. Rajoy says Spain faces tough year ahead
Spain faces another tough year as it grapples with recession, a deep financial crisis and 25 percent unemployment, its prime minister said Friday.
Italy again sees higher borrowing costs at auction
Italy's borrowing costs have risen for the second day in a row in a pair of bond auctions that also failed to raise as much money as expected.
Argentina's fight on defaulted debt takes new step
It's been a decade since Argentina tarnished its reputation worldwide and became an economic misfit by engaging in the biggest sovereign debt default ...
Shares plunge for Spanish bailed-out bank Bankia
Shares in Bankia, the bailed-out Spanish bank, lost almost a fifth of their value Thursday after officials with the nation's bank bailout fund said ...
Italy's borrowing costs rise ahead of elections
Italy's borrowing costs rose slightly Thursday in an auction of six-month bonds held in the wake of Premier Mario Monti's resignation and uncertainty ...
German FinMin says worst of euro debt crisis over
Germany's finance minister says the worst of euro area's debt crisis appears to be over after three years of worries over Greece and other members of ...
US Treasury to take steps to avoid borrowing limit
The U.S. Treasury Department will begin taking steps on Friday to delay hitting the government's $16.4 trillion borrowing limit on Dec. 31.
New Japan PM: Saving economic crisis top mission
Shinzo Abe took office as Japan's seventh prime minister in six years Wednesday and vowed to overcome the deep-rooted economic and diplomatic crises ...
Over the fiscal cliff: What kind of landing?
Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break.
Egypt constitution passes, economic crunch looms
The official approval of Egypt's disputed, Islamist-backed constitution Tuesday held out little hope of stabilizing the country after two years of ...
Over the fiscal cliff: How hard a landing?
Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break.
Over the fiscal cliff: Soft landing or dizzy dive?
Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break.
He's not running, but Italy's Monti has a plan
For someone not running for political office, Premier Mario Monti has an awfully detailed plan for how to fix Italy's financial woes and bring the ...
Christmas comes slowly to austerity-hit Europe
Across Europe, holiday "shoppers" this season are doing more browsing than buying. Retailers remain hopeful for a last-minute burst of Christmas ...
Stocks sink after Republicans cancel budget vote
Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff." Stocks fell sharply after House ...
S&P downgrades Cyprus on default fears
The Cyprus government has vowed to do what is needed to finalize a bailout agreement with international lenders after ratings agency Standard & Poor's ...
Top business story in '12: Sluggish global economy
This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. The three largest ...
IMF urges full EU banking union to counter crisis
The International Monetary Fund urged the European Union Thursday to step up its efforts to stabilize the bloc's financial system by swiftly moving ...
Former IMF boss in Spain court over alleged fraud
Former IMF managing director Rodrigo Rato has appeared before Spain's National Court to answer questions over his stewardship of Bankia, a major bank ...
Government prepares to sell General Motors stock
The U.S. government's short stint in the auto business is coming to an end. The Treasury Department said Wednesday that it will sell its remaining ...
US budget remains key driver in markets
Optimism over the prospects of a U.S. budget deal between the White House and Congress supported markets Wednesday and contributed to the euro's first ...
Czech parliament approves austerity measures
The Czech Republic's lower house of parliament has approved unpopular austerity measures that had threatened to cause the downfall of the center-right ...
France wants to split banks' trading, lending ops
France's government proposed a bill Wednesday that would split banks' risky trading activities from their more traditional lending operations as part ...
Greek public sector cutbacks trigger strike
Civil servants in Greece staged a 24-hour strike Wednesday, as thousands gathered to protest new pay cuts as well as suspensions that are expected to ...