Timeline of the global financial crisis
Created by Telegraphfinance on 26/09/2008
Last updated: 07/07/14 at 08:55
The European Central Bank looks poised to cut the discount rate below zero on Thursday, becoming the first of the monetary superpowers to venture into these uncharted waters
Commission says Germany's large current account surplus could make it more difficult for Europe's struggling southern states to recover
Debt grade cut from AA+ to AA due to weak economic growth, high unemployment and government spending constraints
Chancellor addresses concerns about Bank of England accountability.
A double-dip recession is possible in several European countries if investors
lose faith in efforts to control debt, the World Bank said on Thursday.
The services sector failed to build on signs of a recovery seen earlier this
year, with sales disappointing expectations during the past three months,
research showed today.
The Chancellor will this week warn his fellow finance ministers that they must
act swiftly to fix their public finances.
Economist Nouriel Roubini said Greece is just the tip of a sovereign debt
crisis that could derail a global recovery.
Bank reform needs to done with coherance and co-operation or we might end up
choking off the recovery, writes Jeremy Warner.
A to Z of finance in 2009: It was a year of Latvian blondes, the Bank of
England's magic wand and a great vampire squid.
Britain needn't look far to see the crisis in store if we allow our debts to
mount, says George Osborne.
Lloyds Banking Group has admitted for the first time it will miss its lending
target set by ministers as a condition of this year's taxpayer bail-out.
Beseiged Bank of America is in further hot water after it emerged the man Ken Lewis chose to act as the bank's general counsel in the month it completed its controversial acquisition of Merrill Lynch was not fully registered to practise law at the time in his home state.
Telegraph View: When it comes to breaking up RBS and Lloyds the devil will be in the detail
The Bank's credibility and authority have been greatly undermined by the events of the past two years writes Jeremy Warner
Aberdeen Asset Management has suffered a further £2.4bn fall in the value of funds under management excluding the boost to its portfolio from its £360m purchase late last year of Credit Suisse Asset Management.
City critics have claimed that the finance white paper poses a further threat to the economy by undermining Britain's competitive position and giving banks extra incentive to cut lending levels.
The Conservative party has vowed to dismantle the tripartite system of financial regulation shutting down the Financial Services Authority and handing back the power to oversee banks to the Bank of England.
Lord Turner said national watchdogs would retain independence but be supervised.
Private equity group Apax has written off its investment in Emap the business magazine publisher that it jointly owns with Guardian Media Group GMG.
So far the punishment meted out to the banking sector does not fit the crime suggests Edmund Conway.
Former chief executive's relaxed managerial style has been partly blamed for problems at Global Services as units had too much autonomy
Seven out of 10 people from the older generation are turning to wartime thriftiness to make their money go further during the recession according to research.
A highprofile Iraqi delegation visited London last week to make the case for investing in the country. Mike Pullen explains what is at stake for the country's future.
Eric Daniels who waived his cash bonus in the light of the plunge in his bank's share price could still make £4m.
Mary Riddell talks to the respected Liberal Democrat considered to be the best Chancellor Labour never had.
More than 10m sq ft of office space now lies empty in London's financial district as the recession bites.
Goldman Sachs is considering a multibillion dollar share issue to fund the repayment of its 10bn US government loan.
Money markets were rocked on Tuesday after inflation rose to City forecasters' surprise and the Bank of England indicated that it may reconsider its plan to pump extra cash into the economy.
HSBC is very well capitalised and will not need a Government bailout the bank's finance director has said.
The Government's role during the recession is not to "ensure that businesses survive" a business minister Lord Carter has admitted.
Lloyds Banking Group is to pay out about £80m in cash bonuses to staff under an agreement with UK Financial Investments UKFI the Treasury body which is poised to become its majority shareholder.
Natasha Rogoff 31 lost her job at Lehman Brothers in September now sells Italian food and produce at Farmers Markets throughout London.
Union warns "tens of thousands" more British motor industry jobs at risk as BMW cuts 850 staff in Cowley.
Sir James Crosby the former chief executive of HBOS last night vowed to defend himself against accusations that he ignored warnings about risky lending practices at the crisishit bank.
Smaller than you would expect and looking grey and exhausted John McFall MP doesn't much look like the nemesis of failed bankers.
An army major killed himself after losing hundreds of thousands of pounds in the alleged investment scam headed by Bernard Madoff.
John Mann Labour MP for Bassetlaw Nottinghamshire spoke more in sadness than in anger.
Britain's stricken banks may have to pay £12bn£16bn in upfront fees to participate in the Treasury's toxic debt insurance scheme.
The current economic crisis which is set to plunge the UK officially into recession has revealed shaky foundations in banking institutions that once seemed invincible.
The cost of personal loans has risen sharply since the beginning of the credit crisis amid concerns about borrowers defaulting on their repayments research reveals.
The bosses who led Scotland's two greatest banks to the brink of bankruptcy will be summoned before a Holyrood inquiry to explain their actions.
Chancellor admits he has no how much measures will cost but insists the latest rescue package is essential to prevent a collapse in the economy.
Barclays Jaguar Land Rover and Zavvi have announced almost 3000 combined job losses in the UK within hours of the Government unveiling a multibillion pound small firms rescue package.
Northern Rock shareholders have taken part in demonstrations ahead of today's court hearing into levels of Government compensation.
The Conservatives have regained their doubledigit lead over Labour after Gordon Brown's bounce during the financial crisis stalled according to a new poll.
The car dealership Inchcape is considering a significant fundraising amid the steepest sales downturn in recent history.
The economic upheavals of 2008 did not bring financial armageddon but don't expect any respite next year says Martin Vander Weyer.