More than six years after the global financial crisis broke out, European Union (EU) countries continue to protect banks and investments funds from tougher rules, despite abundant evidence of recurrent criminal or reckless activities in the sector, and new accumulation of enormous financial risks.
It is a great pity that, beside opening the doors to ethics, social justice and peace, Pope Francis does not also give indications of updating traditional theology. The most urgent task is to update the Seven Deadly Sins.
Women in Iceland have been more badly affected by the economic collapse in 2008 than their male counterparts, both in terms of physical and mental health, studies show.
Following last week’s approval of U.S. Senate bills that critics say would weaken a major financial reform law known as Dodd-Frank, watchdog groups here are cautioning that banks deemed “too big to fail” still pose a risk to U.S. and international economic security.
Afghanistan's Kabul Bank is back in the news, with the sentencing of two of its top executives to five years in prison for fraud. But being in the limelight - for good or bad - has been part of the bank's saga since its inception in 2004.
The world's nuclear weapons industry is being funded - and kept alive - by more than 300 banks, pension funds, insurance companies and asset managers in 30 countries, according to a new study.