Turmoil

Is Credit Suisse Next in Line for Turmoil after Major Backer Halts Funding?

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The firm’s Chairman Axel Lehmann declined to comment on whether it will need assistance from the government in the future, he highlighted that the bank has no problems as it has good return capital ratios. With the banking industry in the United States currently experiencing financial strain, there may be a trickle-down to Europe where … Read more

Japan’s Largest Pension Fund Bleeding Money as Global Economic Turmoil Seeps Deep

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While the Japanese government’s pension fund, the largest in the world posted its losses, there are a number of global business outfits that are recording similar losses. As the global economy continues to fight for resilience, the world’s largest pension fund, the Japanese Government Pension Investment Fund (GPIF) has recorded another quarter of loss as … Read more