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Financial Crisis Commentary Headlines

Breakingviews - The Exchange: Kevin Rudd

Australia's prime minister in 2008 told Breakingviews how his government decided to spend some 6 pct of GDP on tax breaks, infrastructure and cash payments to citizens. That helped the country heavily exposed to China, commodities, finance and housing avoid a recession – just.

Jain, Co-chief Executive of Deutsche Bank speaks during a shareholders...

Breakingviews - The Exchange: Anshu Jain

Deutsche Bank was credited with coming through the 2008 crisis in better shape than many of its rivals. Jain, who rose from running the German lender’s global markets business to eventually become CEO, stopped by Times Square to speak with Rob Cox about the state of finance.

Richmond Federal Reserve Bank President Lacker reacts during an interview...

Breakingviews - The Exchange: Jeff Lacker

The presidency of the Richmond Fed, whose territory included two top U.S. banks, offered a unique window on the financial crisis. Wachovia needed rescuing and BofA’s deal to buy Merrill Lynch nearly collapsed. Lacker reflects on what went down and where finance is headed.

Former FDIC director Sheila Bair testifies before a House Financial...

Breakingviews - The Exchange: Sheila Bair

The chair of U.S. bank regulator FDIC in 2008 recalls how competition and disagreements between watchdogs contributed to the crash. A decade later, despite leaving the industry, she still feels an obligation to warn of the dangers of rolling back some post-crisis reforms.

A Citi sign is seen at the Citigroup stall on the floor of the New York...

Breakingviews - The Exchange: Vikram Pandit

As the chief executive of Citigroup, Pandit engineered the bank’s rescue and recovery from the crisis ten years ago. He swung by Times Square to discuss lessons learned, the things that still worry him and where he’s placing his bets on the future of the financial industry. 

Customers queue to enter a branch of Northern Rock in Kingston, Surrey,...

Breakingviews - Banks were first to fall in decade of lost trust

Banks were the first institutions to fall in a decade of lost trust. The crisis that reached its climax with the failure of Lehman Brothers a decade ago swept away the notion that financial leaders could be relied upon to safely run their firms. Since then central bankers, politicians and the media have also faced growing public scepticism. The malaise shows no sign of lifting.

Former Director of the U.S. National Economic Council Gary Cohn speaks at a...

Breakingviews - The Exchange: A chat with Gary Cohn

President Trump’s first National Economic Council director and former Goldman Sachs No. 2 discusses the financial crisis and its aftermath with Gina Chon. He also gives his take on tax cuts and trade, and explains why JPMorgan boss Jamie Dimon would make a “phenomenal” president.

Waters listens to testimony on robo-signing and foreclosures at a hearing...

Breakingviews - The Exchange: Congresswoman Maxine Waters

The senior Democrat on the U.S. House Financial Services Committee recalls the lack of answers that lawmakers had in the wake of the 2008 financial crisis. The Exchange went to Congress to discuss that period and find out her priorities if she takes over the banking committee. 

A staffer poses with 2015 edition of the 100 renminbi notes at the Bank of...

Breakingviews - Chancellor: Lehman’s easy money extends to China

Interest rates in China may never have turned negative, as they did in neighbouring Japan. Yet China’s economy has also become distorted by the decade of easy money since the 2008 financial crisis. As in the West, low interest rates in China are responsible for inflating asset prices, misallocating capital, aggravating inequality and undermining financial stability.

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