The global financial and credit crisis has created a complex web of consequences, with some banks tied to the solvency of communities around the world. Charles Duhigg of the New York Times and Adam Davidson of NPR explain the trail of the crisis and the s

I believe I remember vividly that I wrote at the beginning of this decade around 2002 or 2003 that it would be under President George Bush’s watch that the financial collapse would begin in earnest.

A group of senior economists have branded the Government's plan to spend its way out of a looming recession a "misguided and discredited" approach that could make things worse.

Tom Galvin, chief investment officer at Credit Suisse First Boston, set out to study how the wicked corner of the US market - the "vice stocks" of alcohol, tobacco and gambling - performed after the economy had plunged into recession. The result was int

July 18 (Bloomberg) -- When Blackstone Group LP , the world's biggest buyout firm, was pursuing the takeover of the Weather Channel cable network earlier this month with General Electric Co. and Bain Capital LLC, Wall Street balked at providing financing