Tag: financial crisis

Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Alex Wong / Getty Images Warren Buffett invested $5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash...

A mistake from 2008 may return to haunt India's economy

By Apoorva JavadekarA closely watched number in the financial world is the growth of bank credit published by the Reserve Bank of India (RBI). Growing...

A new world order for the coronavirus era is emerging

By Alan Crawford In July 1945, at the close of World War II, the leaders of the U.S., Great Britain and the Soviet Union gathered...

Hunger or disease? Emerging nations face an awful choice as it’s nearly impossible to socially distance and get food

Ruchir Sharma Though many rich economies have ground to a halt under strict lockdowns to contain the coronavirus, many low- and middle-income countries have decided...

IMF sees coronavirus-induced global downturn ‘way worse’ than financial crisis

WASHINGTON/GENEVA – The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse”...