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Greek Couple Left Penniless in NYC on Honeymoon
Newlyweds Valasia Limnioti and Konstantinos Patronis' long-planned "dream trip" to the US ended in New York City, where their three-week honeymoon quickly turned into a nightmare: Their Greek-issued...
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Bernanke: Wall Street Execs Deserved Jail for Crisis
Former Federal Reserve Chairman Ben Bernanke says some Wall Street executives should have gone to jail for their roles in the financial crisis that gripped the country in 2008 and triggered the Great...
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Goldman Sachs Will Pay $5B Over Sketchy Mortgages
The Justice Department announced a $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis, reports the AP . The deal announced...
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An Awful Anniversary Arrives on Wall Street
Saturday marks 10 years since the largest bankruptcy in American history, or what CNN calls "the most terrifying moment for business and the US economy since the Great Depression." It might feel like...
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Deutsche Bank's Push to Be a Banking Giant Is Dead
Germany's Deutsche Bank on Monday began cutting 18,000 jobs, marking the end of a long, failed attempt to compete with the planet's investment banking giants. The bank plan unveiled Sunday aims to take...
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Crisis-Hit Lebanon 'Days Away From Social Explosion'
The pandemic has brought tough times to many countries. In Lebanon, it has only deepened one of the worst financial and economic crises ever seen. The World Bank warned last month that the Lebanon...
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Sri Lanka Nixes Annual Exams Amid Spiraling Financial Crisis
In what may come as a relief to some children, Sri Lanka has cancelled annual exams due to an acute shortage of printing paper. Although paper prices are on the rise worldwide, that’s not the real...
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Sri Lanka Desperate for Tourists, Russian Oil
With Sri Lanka facing a severe economic crisis , the country's leaders have apparently decided they can't afford to shun Russia. President Gotabaya Rajapaksa said Wednesday that he had asked Vladimir...
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A Bank Collapsed. Next: Moves to Avoid a 'Contagion'
The collapse on Friday of Silicon Valley Bank , which was bookended by the shuttering of two other financial institutions, led to wider fears among Biden administration officials: the possibility of a...
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