Britains queen puzzled at delay in spotting credit crunch
London - Britains Queen Elizabeth II, who was Wednesday given an academic briefing on the origins of the credit crunch, wound up the lesson with the searching question of why nobody had seen the crisis coming. The 82-year-old monarch had the compl...

[ Published on : Wed, 05 Nov 2008 11:39 ]

Bank of England warns of further risks in financial sector
London - The Bank of England (BoE) said in a report published Tuesday that losses suffered by global financial institutions since the credit crunch are estimated at 1.8 trillion pounds (2.8 trillion dollars). Governments around the world have spent m...

[ Published on : Wed, 29 Oct 2008 06:32 ]