H4CBlog

Financial research firm says cuts will appear over 12 to 18 months as subprime crisis hits other areas of the banking industry.

GENEVA (AP) — The U.S. financial industry has been shedding jobs at a record clip, and some analysts predict the pace will only accelerate over the next year-and-a-half as banks cut costs [...]

April 2 (Bloomberg) — The International Monetary Fund cut its forecast for global growth this year and said there’s a 25 percent chance of a world recession, citing the worst financial crisis in the U.S. since the Great Depression.

The world economy will expand 3.7 percent in 2008, the slowest pace since 2002, according [...]