Some 10 years ago, Lehman Brothers filed for bankruptcy. On September 29, 2008 the Irish Government announced a blanket guarantee of all the liabilities in the Irish banking system.
Mon, 17 Sep, 2018
We will soon mark the 10th anniversary of the collapse of Lehman Brothers — the event that more than any other sparked what has now become known as the Great Recession.
Tue, 07 Aug, 2018
Mon, 28 Dec, 2015
Mon, 21 Dec, 2015
Despite a slowing Chinese economy, decelerating inflation, and a stronger euro, ECB president Mario Draghi has said he will do more to support eurozone growth only “if necessary”.
Tue, 20 Oct, 2015
Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming.
Mon, 18 Aug, 2014
Ben Bernanke has handed the reins at the Fed to his successor but Janet Yellen faces a tricky challenge in weaning the US off quantitative easing without upsetting the global economy, writes Kyran Fitzgerald.
Mon, 10 Feb, 2014
The Federal Reserve stayed the course on tapering its stimulus for the US economy yesterday, reducing asset purchases by $10bn (€7.32bn) for the second month in a row.
Thu, 30 Jan, 2014
The US Senate confirmed Janet Yellen as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts to spur the economy with low interest rates and massive bond purchases.
Tue, 07 Jan, 2014
It is official, then. Janet Yellen is to become the first female ‘chairman’ of the US central bank next February and as such, she will be in a position to affect all our lives.
Mon, 14 Oct, 2013
The Federal Reserve has decided against reducing its stimulus for the US economy.
Wed, 09 Oct, 2013
The US stock market paused yesterday as investors tried to figure out what to do next following the Federal Reserve's decision to hold steady on its stimulus for the economy.
Fri, 20 Sep, 2013
The Federal Reserve unexpectedly refrained from reducing the $85bn pace of monthly bond buying, saying it needs to see more signs of lasting improvement in the economy.
Thu, 19 Sep, 2013
Former US treasury secretary Lawrence Summers has withdrawn from consideration to be chairman of the Federal Reserve, saying it would hurt the nation for him to go forward with what would be a contentious confirmation before the US Senate.
Tue, 17 Sep, 2013
President Barack Obama has said his nominee for Federal Reserve chairman will be someone who embraces the central bank’s dual mandate to promote price stability and maximum employment, and he has narrowed his choice “to some extraordinarily qualified candidates”.
Mon, 29 Jul, 2013
Whenever Alan Greenspan was praised for delivering a clear message on US monetary policy, he liked to reply something along the lines of: “If you think that, you have misunderstood what I said.”
Mon, 15 Jul, 2013
Federal Reserve chairman Ben Bernanke said he had not discussed with US President Barack Obama the possibility of serving a third term at the helm of the US central bank, leaving his future up in the air.
Thu, 13 Dec, 2012
Economic optimism is now official.
Mon, 26 Nov, 2012
World stock markets rose today after President Barack Obama won a fiercely-contested race for re-election, allowing him to refocus his attention on issues other than the campaign.
Wed, 07 Nov, 2012
US Federal Reserve chairman Ben Bernanke is far more important to the US economic recovery and the markets than the US President, says John Mennis, a London-based stockbroker with Investec.
Mitt Romney’s strong outing in the first US presidential debate this week signals that the race for the White House may be tighter than imagined. So what can Ireland expect if the Republican hopeful wins, asks Kyran Fitzgerald
Sat, 06 Oct, 2012
The ECB chief’s plan is awaited with interest by the markets, writes Alan Wheatley
Tue, 04 Sep, 2012
Increased optimism that central bankers will pull the trigger on further emergency support measures ensured a robust performance on the London market today.
Mon, 03 Sep, 2012
The Iseq Index rebounded as world markets reacted positively to comments made by US Federal Reserve chairman Ben Bernanke.
Sat, 01 Sep, 2012
Disappointment over US Federal Reserve chairman Ben Bernanke’s failure to offer clear signals of imminent economy boosting measures sent the FTSE 100 Index into the red today.
Fri, 31 Aug, 2012
The Iseq Index fell further as worldwide markets anticipate Federal Reserve chairman Ben Bernanke’s speech at Jackson Hole today.
The euro gained against the majority of major currencies after German business confidence fell less than some economists forecast, suggesting the region’s largest economy can withstand the sovereign-debt crisis.
Tue, 28 Aug, 2012
The market declined by 0.64 points to 3,216.96 yesterday.
Thu, 19 Jul, 2012
The Chairman of the Federal Reserve, Ben Bernanke, could signal new measures to boost economic growth in the US.
Tue, 17 Jul, 2012
Oil fell for a third day after government data showed US inventories rose to the highest level in more than five months and on expectations that the Federal Reserve will not take new action to bolster the economy.
Thu, 01 Mar, 2012
The Nasdaq composite index briefly touched 3,000 today for the first time since the collapse in dot-com stocks more than a decade ago. Stocks ended lower, but it was still the best February on Wall Street in 14 years.
Wed, 29 Feb, 2012
As the eurozone crisis edges closer to another 2008-style meltdown, the situation calls for the intervention of the banking big-boys with the money to assure markets and hopefully get credit flowing once more, reports Kyran FitzGerald
Sat, 03 Dec, 2011
The US Federal Reserve today painted a bleaker outlook for the nation's economy, which it thinks will grow much more slowly and face higher unemployment than it had estimated in June.
Wed, 02 Nov, 2011
US Federal Reserve Chairman Ben Bernanke says the US economic recovery “is close to faltering” and the central bank is prepared to take further steps to support it.
Tue, 04 Oct, 2011
Federal Reserve chairman Ben Bernanke said long-term unemployment was an American “national crisis” and urged the US government to take further action to combat it.
Thu, 29 Sep, 2011
London’s leading share index suffered its biggest daily fall for almost three years after bleak comments from US Federal Reserve chairman Ben Bernanke again raised double-dip recession fears.
Thu, 22 Sep, 2011
The US Federal Reserve is running out of options to try to boost a slumping economy and lower unemployment.
Wed, 21 Sep, 2011
US stocks closed sharply lower after Federal Reserve chairman Ben Bernanke offered no new insight into whether the central bank will act soon to prop up the economy.
Fri, 09 Sep, 2011
OIL rose to the highest level in more than a week in New York, climbing with equities on optimism that the economy willexpand and a report that US consumer spending gained in July.
Tue, 30 Aug, 2011
THE US economy expanded less than estimated in the second quarter, underscoring the weakness that has prompted the Federal Reserve to mark down its growth forecasts.
Sat, 27 Aug, 2011
US Federal Reserve chairman Ben Bernanke is proposing no new steps by the Fed to boost the economy while hinting that Congress may need to act to stimulate hiring and growth.
Fri, 26 Aug, 2011
The London market fell nearly 1.5% today after hopes faded that the US would announce more quantitative easing to inject fresh life into its economy.
Thu, 25 Aug, 2011
Stock markets in Europe and the US have rebounded, led by shares in energy firms, on hopes that fighting in Libya may soon end.
Mon, 22 Aug, 2011
The US Federal Reserve has said it is likely to keep interest rates at record lows for the next two years after acknowledging that the US economy is weaker than it had thought.
Tue, 09 Aug, 2011
The turmoil battering world markets showed signs of easing today amid hopes of a fresh round of stimulus measures to boost the flagging US economy.
Strong profits and a bipartisan plan to lift the US debt limit have driven a stock market rebound on Wall Street.
Tue, 19 Jul, 2011
The London market ended slightly higher as lower oil prices hit the energy sector and overshadowed a strong session for UK insurers.
Tue, 07 Jun, 2011
Federal Reserve chairman Ben Bernanke says new regulations will be unveiled this summer to protect the US economy from another meltdown of the nation’s largest banks and financial companies.
Thu, 12 May, 2011
Regulators are working closely to strengthen oversight of inner workings of the US financial system, part of a broader effort to prevent a repeat of the 2008 financial crisis, Federal Reserve chairman Ben Bernanke said.
Tue, 05 Apr, 2011
Sat, 02 Apr, 2011
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