financial crisis

Margin Call »

Wed 01 Feb 2012 by Steven Campbell-Harris | Read more »

Greece needs rescuing from its creditors »

When asked about their views on financial support for the near-insolvent Greek government, European voters tend to deliver a clear verdict. A recent poll found that 68 per cent of French people disapprove of their government’s contribution to the...

Wed 02 Nov 2011 by Robert Zymek | Read more »

The fall of an island »

Having been bailed out by the EU, and with confidence in its banking sector and government decimated, these are trying times for the people of Ireland. Now, The Journal takes a look at the events that led to the economic implosion of the island. Irela...

Sun 09 Jan 2011 by Paul Foy | Read more »

Davos postmortem: must find answers that we can bank on »

The World Economic Forum meeting in Davos (Switzerland) on January 31st 2010 is one of the most important meetings held by this highly influential body. Economists, politicians, business leaders, bankers, environmentalists and religious leaders from al...

Wed 03 Feb 2010 by Ian Cameron | Read more »

Edinburgh financial reputation still intact »

The movement of senior financial sector jobs out of Edinburgh may not be as damaging to the local economy as previously suggested, an Edinburgh academic has told The Journal. Responding to claims that the financial “centre of gravity” has ...

Wed 25 Nov 2009 by Marcus Kernohan | Read more »

Bankers' bonuses: morality vs. reality »

Whether we wanted it or not, we taxpayers are now the de facto owners of some big banks in this country, after the government bought lots of their shares to rescue them from last year's financial crisis. Now many of us are angry: why on earth do "we" h...

Wed 11 Nov 2009 by Kohei Kawamura | Read more »

...do not pass Go, do not collect £100,000 »

Until the credit crisis nearly toppled scores of banks around the world, few people gave much thought to bankers’ bonuses. If they did, they probably thought banks should be free to set their own pay levels. As the dust settles on the banking cr...

Wed 11 Nov 2009 by Timothy Ogunlesi | Read more »

New poll exposes student debt worries »

Students expect to accrue tens of thousands of pounds worth of debt by the time they graduate, according to a survey published by Endsleigh Insurance this week. The research, which polled almost 2,000 students in the UK on matters of student debt in t...

Wed 07 Oct 2009 by Emma Towers | Read more »

Former Lehman Brothers graduate trainees snapped up by Nomura »

A global investment bank has rehired around 60 per cent of graduate trainees let go by Lehman Brothers following the bank's collapse in September last year, with claims that they used a social networking site to contact the individuals. A front-page a...

Wed 30 Sep 2009 by Alice Stanes | Read more »

Capital slides down global financial table »

Edinburgh's prestige as a global financial centre has been dealt a blow after it slipped seven places in a report on competitiveness. Edinburgh was ranked 27th in the latest Global Financial Centers Index, seeing it fall behind the Isle of Man, Dublin...

Wed 30 Sep 2009 by Nick Eardley | Read more »

Lothians are Britain's bankruptcy hotspot »

Bankruptcies in Scotland have soared by a third in the past year, according to the quarterly report by the Insolvency Service. Collating figures provided by Accountant in Business and Companies House, the report showed that nearly twice as many Scots ...

Sun 13 Sep 2009 by Sophie McFarlane | Read more »

Government puts brakes on deflation loan windfall »

British students could be in line for a student loan repayment from the government as the UK is hit by deflation for the first time since the 1960s. Interest on student loans is calculated using the Retail Price Index (RPI) measure of inflation, with t...

Tue 28 Apr 2009 by Paris Gourtsoyannis | Read more »

Students give economy £28 billion boost »

College students have boosted the UK economy by £28 billion in the past 15 years, according to a report commissioned by the Association of Colleges. The analysis, carried out by Economic Modelling Specialist Inc, found that the economic impact o...

Sun 23 Nov 2008 by Matthew Moore | Read more »

Fears over 2009 graduate jobs crunch overstated, say experts »

A host of experts have suggested that students who graduate in 2009 are likely to experience difficulty finding a graduate job as Britain's economy enters recession. However, noises from recruiters themselves seem to suggest any such employment crunch ...

Sun 23 Nov 2008 by Laura Robertson | Read more »

Lecturers demand "inflation busting" 8% gross pay rise »

The Universities and Colleges Union (UCU) has announced that it plans to push ahead with its demand for an eight per cent increase in lecturers' pay. A UCU spokesperson said that the union: “will press ahead with demands for a rise equivalent to...

Sun 23 Nov 2008 by Constantine Innemée | Read more »

Council faces shortfall as credit crunch hits home »

The effects of the global financial crisis hit Edinburgh last week, as it was confirmed that the council faces growing financial pressures. Until recently it was expected that Edinburgh City Council would bring in around £43 million from the sal...

Sun 09 Nov 2008 by Francesco Cirillo | Read more »

Local business to benefit from university expertise »

A new fund started by two of Scotland’s leading universities has been made available to small businesses.It is hoped that by utilising the academic expertise of Napier University and Queen Margaret University, firms will be able to overcome their...

Sun 26 Oct 2008 | Read more »

First-time buyers squeezed out »

The number of UK first-time buyers has hit a new low this month as deposit rates for properties skyrocket.In the wake of the financial crisis, many first time buyers have been deterred from buying property because they cannot afford the amount lenders ...

Sun 26 Oct 2008 by Ishbel Eunson | Read more »

Brown credit crunch success reaps rewards in Glenrothes poll »

The bailout of Scottish banks has been seized on by Unionist parties who have been weighing in against first minister, Alex Salmond's plans for Scottish independence this week.In the cauldron of the Glenrothes by-election, Labour, the Conservatives and...

Sun 26 Oct 2008 by Kevin Guyan | Read more »

Universities risk £77 million in Icelandic financial collapse »

As the global financial crisis begins to take effect beyond the trading floors of world's financial centres, it has emerged that twelve British universities are at risk of losing £77 million of funds frozen in Icelandic bank accounts. The money w...

Sun 26 Oct 2008 by Laura Robertson | Read more »