Bankruptcy

Despair in Ettadhamen: The harsh reality of Tunisia’s economy
‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.
Published On 1 Jun 2023
From: Counting the Cost
How did Greece go from bankruptcy to economic growth?
The economy is recovering after a decade-long debt crisis, but are Greeks feeling the benefits?
Video Duration 25 minutes 30 seconds
Published On 27 May 2023
US regional banks plunge as investors worry crisis not over
US officials are assessing the possibility of ‘market manipulation’ behind recent big moves in banking sector stocks.
Published On 4 May 2023
India’s Go First airline files for bankruptcy
The airline blamed ‘faulty’ Pratt & Whitney engines which led to the grounding of half its fleet, hurting revenue.
Published On 2 May 2023

As another US bank collapses, here’s what you need to know about how to keep your money safe.

If the San Francisco-based lender falls into receivership, it would be the third US bank to collapse since March.

Regulators said banks’ managers were primarily to blame for prioritising growth and ignoring basic risks.

One of the original big box retailers, it has had years of dismal sales and losses and said it will close all stores.

SVB’s purchase gives markets some respite amid growing concerns over financial health of global banking system.

Tumbling stocks dragged down other major banks across Europe, fuelling fears about a banking sector crisis.

Janet Yellen is the face of US govt on the issue and her public comments have sent markets on a roller-coaster ride.

Only a few banks have some problems and it’s better to ‘nip that in the bud’, Citi CEO Jane Fraser says.

As early investor optimism about efforts to stem a banking crisis quickly evaporated, shares of Credit Suisse, UBS fell.

A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal.

Live