Financial Crisis on Yahoo! News Photos

US Treasury secretary Timothy Geithner (L) speaks to British ...

(AFP) — Sat, 07 Nov 2009 18:49:47 GMT

(AFP) - US Treasury secretary Timothy Geithner (L) speaks to British Finance Minister Alistair Darling before a G20 Finance Ministers group photograph in St Andrews, Scotland. The world's biggest economies have agreed a timetable on mutual monitoring of each other's economic policy aimed at preventing a fresh financial crisis, a G20 communique said on Saturday.(AFP/Derek Blair)

British Prime Minister Gordon Brown attends the G20 Finance ...

(AFP/POOL) — Sat, 07 Nov 2009 18:49:47 GMT

(AFP/POOL) - British Prime Minister Gordon Brown attends the G20 Finance Ministers meeting in St. Andrews, in Scotland. The world's biggest economies have agreed a timetable on mutual monitoring of each other's economic policy aimed at preventing a fresh financial crisis, a G20 communique said on Saturday.(AFP/POOL/Andrew Winning)

The International Monetary Fund said Friday its executive board ...

(AFP/File) — Fri, 06 Nov 2009 22:38:08 GMT

(AFP/File) - The International Monetary Fund said Friday its executive board approved the release of 329.4 million dollars to Sri Lanka, the second portion of a loan to help the country weather the economic crisis.(AFP/File)

VIDEO: The economic impact of Honduras' political crisis ...

(AFPTV) — Fri, 06 Nov 2009 20:43:18 GMT

(AFPTV) - VIDEO: The economic impact of Honduras' political crisis is growing. Originally filed:110709. Duration: 01: 03.(AFPTV)

In this advertisement released Ally Bank, a print ad is shown. ...

(AP) — Fri, 06 Nov 2009 17:43:39 GMT

(AP) - In this advertisement released Ally Bank, a print ad is shown. There's a reason Ally Bank, a reinvented unit of GMAC Financial Services, can afford to go after customer deposits so aggressively. It's backed by GMAC's $12.5 billion government bailout. (AP Photo/Ally Bank)

Royal Bank of Scotland posted a net loss of 1.8 billion pounds ...

(AFP/File) — Fri, 06 Nov 2009 16:54:51 GMT

(AFP/File) - Royal Bank of Scotland posted a net loss of 1.8 billion pounds on Friday and said it expected a slow recovery, despite massive state support aimed at reversing the lender's ailing fortunes.(AFP/File/Carl de Souza)

A newspaper vendor works behind a headline billboard referring ...

(AFP/File) — Fri, 06 Nov 2009 16:54:51 GMT

(AFP/File) - A newspaper vendor works behind a headline billboard referring to a record annual loss by the Royal Bank of Scotland (RBS) in January. Royal Bank of Scotland posted a net loss of 1.8 billion pounds on Friday and said it expected a slow recovery, despite massive state support aimed at reversing the lender's ailing fortunes.(AFP/File/Carl de Souza)

Royal Bank of Scotland has posted a net loss of £1.8 billion ...

(AFP/File) — Fri, 06 Nov 2009 16:13:44 GMT

(AFP/File) - Royal Bank of Scotland has posted a net loss of £1.8 billion and says it expects a slow recovery, despite massive state support aimed at reversing the lender's ailing fortunes.(AFP/File/Shaun Curry)

Sir Fred Goodwin, Chief-Executive of Royal Bank of Scotland, ...

(AFP/File) — Fri, 06 Nov 2009 16:13:44 GMT

(AFP/File) - Sir Fred Goodwin, Chief-Executive of Royal Bank of Scotland, pictured in 2008. Royal Bank of Scotland has posted a net loss of £1.8 billion and says it expects a slow recovery, despite massive state support aimed at reversing the lender's ailing fortunes.(AFP/File/Ed Jones)

Head of the IMF (International Monetary Fund) mission to Romania, ...

(AP) — Fri, 06 Nov 2009 15:48:02 GMT

(AP) - Head of the IMF (International Monetary Fund) mission to Romania, Jeffrey Franks, speaks during a press conference in Bucharest, Romania, Friday, Nov. 6, 2009.The International Monetary Fund said Friday that the it would delay access to a euro1.5 billion (US$2.2 billion) bailout loan while the country struggles to set up a new government. Speaking at the end of a visit to evaluate Romania's efforts to overcome its financial difficulties, IMF official Jeffrey Franks said the IMF could 'proceed with the disbursement once the political situation is resolved.'(AP Photo/Vadim Ghirda)

Head of the IMF (International Monetary Fund) mission to Romania, ...

(AP) — Fri, 06 Nov 2009 15:46:54 GMT

Head of the IMF (International Monetary Fund) mission to Romania, ...

(AP) — Fri, 06 Nov 2009 15:46:10 GMT

(AP) - Head of the IMF (International Monetary Fund) mission to Romania, Jeffrey Franks, gestures during a press conference in Bucharest, Romania, Friday, Nov. 6, 2009.The International Monetary Fund said Friday that the it would delay access to a euro1.5 billion (US$2.2 billion) bailout loan while the country struggles to set up a new government. Speaking at the end of a visit to evaluate Romania's efforts to overcome its financial difficulties, IMF official Jeffrey Franks said the IMF could 'proceed with the disbursement once the political situation is resolved.'(AP Photo/Vadim Ghirda)

IMF President Dominique Strauss-Kahn arrives at the Fairmont ...

(AFP) — Fri, 06 Nov 2009 15:33:13 GMT

(AFP) - IMF President Dominique Strauss-Kahn arrives at the Fairmont Hotel in St Andrews to attend a G20 Finance Ministers meeting. Ministers are to discuss how to shore up the recovery from the global financial crisis as well as funding for a still uncertain agreement on climate change.(AFP/Derek Blair)

Protestors hold a demonstration in the town of St Andrews in ...

(AFP) — Fri, 06 Nov 2009 15:33:13 GMT

(AFP) - Protestors hold a demonstration in the town of St Andrews in Scotland ahead of a G20 Finance Ministers summit. G20 finance ministers are meeting here to shore up the recovery from the global financial crisis and discuss funding for a still uncertain agreement on climate change.(AFP/Geoff Caddick)

Iron ore is loaded on to the Pacific Ruby at Rio Tinto's ...

(AFP/Rio Tinto/File) — Fri, 06 Nov 2009 14:58:12 GMT

(AFP/Rio Tinto/File) - Iron ore is loaded on to the Pacific Ruby at Rio Tinto's Cape Lambert port in the Pilbara region of Western Australia. Australia enjoyed a decade of stellar economic growth, underpinned by intense demand for resources from fast-industrialising China and India, until the global financial crisis.(AFP/Rio Tinto/File)

Chairman of Germany's Social Democrats (SPD) Franz Muentefering ...

(Reuters) — Fri, 06 Nov 2009 11:25:21 GMT

(Reuters) - Chairman of Germany's Social Democrats (SPD) Franz Muentefering laughs before a party board meeting in Berlin in this February 16, 2009 file picture. Muentefering, departing chairman of the centre-left Social Democrats, devoured several grilled locusts with a selection of dips during a talk with schoolchildren in the city of Freiburg, the Rotteck-Gymnasium school said on November 6, 2009. The school surprised the 69-year-old with a platter of the delicacies from a local Asian shop during a seminar looking at ways to tackle the financial crisis late on November 4. Picture taken February 16, 2009. REUTERS/Hannibal Hanschke/File (GERMANY POLITICS HEADSHOT SOCIETY)

File photo shows iron ore being loaded on to the Pacific Ruby ...

(AFP/Rio Tinto/File) — Fri, 06 Nov 2009 06:15:37 GMT

(AFP/Rio Tinto/File) - File photo shows iron ore being loaded on to the Pacific Ruby at Rio Tinto's Cape Lambert port in the Pilbara region of Western Australia. Australia enjoyed a decade of stellar economic growth, underpinned by intense demand for resources from fast-industrialising China and India, until the global financial crisis.(AFP/Rio Tinto/File)

View of the Hotel Liburna in Korcula, October 15, 2009. Even ...

(Reuters) — Fri, 06 Nov 2009 03:10:19 GMT

(Reuters) - View of the Hotel Liburna in Korcula, October 15, 2009. Even though Croatia recently announced a new privatisation for a half-stake in the Korcula hotels, sold as a group, problems are already evident: the island's mayor says the timing during economic crisis is not right. Picture taken October 15, 2009. REUTERS/Adam Tanner

Pavle Radonic, assistant manager of the Hotel Belvedere, shows ...

(Reuters) — Fri, 06 Nov 2009 01:32:07 GMT

(Reuters) - Pavle Radonic, assistant manager of the Hotel Belvedere, shows off the hotel which has not operated for 18 years, in Dubrovnik October 15, 2009. Relatively affordable prices and the country's accessibility by car helped lift tourist arrivals and overnight stays by four percent in August -- despite economic crisis -- over the same period in 2008, according to the Croatian bureau of statistics. Yet fewer than half of visitors stay in hotels, preferring self-catering private accommodation, campsites or other options. Picture taken October 15, 2009. To match feature CROATIA-TOURISM/ REUTERS/Adam Tanner (CROATIA TRAVEL BUSINESS)

Pavle Radonic, assistant manager of the Hotel Belvedere, shows ...

(Reuters) — Fri, 06 Nov 2009 01:32:05 GMT

Former Bear Stearns hedge-fund manager Ralph Cioffi arrives ...

(Reuters) — Thu, 05 Nov 2009 15:24:56 GMT

(Reuters) - Former Bear Stearns hedge-fund manager Ralph Cioffi arrives at court in Brooklyn in New York November 5, 2009. Acquittals of Cioffi and his colleague Matthew Tannin could cause prosecutors to shy away from filing future cases stemming from the financial crisis, in particular the wreckage of American International Group and Lehman Brothers. REUTERS/Natalie Behring (UNITED STATES BUSINESS POLITICS)

Former Bear Stearns hedge-fund manager Matthew Tannin smiles ...

(Reuters) — Thu, 05 Nov 2009 15:23:50 GMT

(Reuters) - Former Bear Stearns hedge-fund manager Matthew Tannin smiles as he arrives at court in Brooklyn in New York November 5, 2009. Acquittals of Tannin and his colleague Ralph Coiffi could cause prosecutors to shy away from filing future cases stemming from the financial crisis, in particular the wreckage of American International Group and Lehman Brothers. REUTERS/Natalie Behring (UNITED STATES BUSINESS POLITICS)

Former Bear Stearns hedge-fund manager Matthew Tannin smiles ...

(Reuters) — Thu, 05 Nov 2009 15:21:43 GMT

Former Bear Stearns hedge-fund manager Ralph Cioffi arrives ...

(Reuters) — Thu, 05 Nov 2009 15:21:39 GMT

Former Bear Stearns hedge-fund manager Ralph Cioffi (L) arrives ...

(Reuters) — Thu, 05 Nov 2009 15:20:33 GMT

(Reuters) - Former Bear Stearns hedge-fund manager Ralph Cioffi (L) arrives with staff at court in Brooklyn in New York November 5, 2009. Acquittals of Cioffi and his colleague Matthew Tannin could cause prosecutors to shy away from filing future cases stemming from the financial crisis, in particular the wreckage of American International Group and Lehman Brothers. REUTERS/Natalie Behring (UNITED STATES BUSINESS POLITICS)

BNP Paribas Chief Executive Officer Baudouin Prot speaks during ...

(Reuters) — Thu, 05 Nov 2009 12:07:24 GMT

(Reuters) - BNP Paribas Chief Executive Officer Baudouin Prot speaks during the trimester results presentation in Paris November 5, 2009. France's BNP Paribas SA beat forecasts with a strong rise in quarterly profits, enhancing its status as one of the winners from the banking crisis. REUTERS/Philippe Wojazer (FRANCE BUSINESS)

BNP Paribas Chief Executive Officer Baudouin Prot speaks during ...

(Reuters) — Thu, 05 Nov 2009 12:06:18 GMT

Chief executive of Zurich Financial Services Group James Schiro ...

(AFP/File) — Thu, 05 Nov 2009 10:41:17 GMT

(AFP/File) - Chief executive of Zurich Financial Services Group James Schiro pictured in Davos on the second day of the World Economic Forum, January 2009. Schiro has underlined Zurich's attempts to deliver "sustained profitable growth" through a "period of ongoing economic uncertainty."(AFP/File/Pierre Verdy)

Swiss insurance group Zurich Financial Services said Thursday ...

(AFP/Keystone/File) — Thu, 05 Nov 2009 10:41:17 GMT

(AFP/Keystone/File) - Swiss insurance group Zurich Financial Services said Thursday its net profit had declined by 24 percent in the first nine months of the year despite a sharp revival in its third quarter fortunes.(AFP/Keystone/File)

In this photo taken Nov. 3, 2009 the new logo of German Commerzbank ...

(AP) — Thu, 05 Nov 2009 10:30:31 GMT

(AP) - In this photo taken Nov. 3, 2009 the new logo of German Commerzbank is seen in the bank's headquarter in Frankfurt, central Germany. Germany's Commerzbank AG has confirmed that its net loss widened in the third quarter as it continues to restructure in the wake of the financial crisis. Commerzbank, based in Frankfurt, said Thursday, Nov. 5, 2009 it lost 1.06 billion Euro (US$ 1.6 billion) in the July-September period, nearly four times the 285 million Euro it lost in the third quarter of 2008. (AP Photo/Michael Probst)

VIDEO: Less crowded than in past years, fall sales for impressionist, ...

(AFPTV) — Thu, 05 Nov 2009 07:12:00 GMT

(AFPTV) - VIDEO: Less crowded than in past years, fall sales for impressionist, modern and contemporary art opened in New York on Tuesday. But business appears to be picking up, bouncing back after the economic crisis. Duration: 01:30(AFPTV)

A sales assistant counts out change at a market in Miami, Florida. ...

(AFP/Getty Images/File) — Thu, 05 Nov 2009 02:44:08 GMT

(AFP/Getty Images/File) - A sales assistant counts out change at a market in Miami, Florida. Sweeping new rules controlling credit card companies are set to become law soon which will aid US lawmakers in their efforts to re-write the rules of the US economy and to help consumers battered by the global financial meltdown.(AFP/Getty Images/File/Joe Raedle)

Euro bills are pictured outside a bank in central Nicosia, Cyprus. ...

(AFP/File) — Thu, 05 Nov 2009 02:00:23 GMT

(AFP/File) - Euro bills are pictured outside a bank in central Nicosia, Cyprus. Economists have agreed that a change of rates is not on the cards across the Eurozone and have pointed to several factors ganging up against a long-awaited economic recovery in the economic bloc.(AFP/File/Stefanos Kouratzis)

For sale signs are seen in Hounslow, west London. In Britain, ...

(AFP/File) — Thu, 05 Nov 2009 02:00:23 GMT

(AFP/File) - For sale signs are seen in Hounslow, west London. In Britain, the Bank of England is meeting this week to mull lending rates but no change from its all-time low of 0.5 percent is expected.(AFP/File/Adrian Dennis)

A giant symbol of the European Union's currency, the euro, ...

(AFP/File) — Thu, 05 Nov 2009 02:00:23 GMT

(AFP/File) - A giant symbol of the European Union's currency, the euro, outside the headquarters of the European Central Bank in Frankfurt. The European Central Bank is poised to keep its key interest rate steady at a record low 1.0 percent on Thursday as policymakers shift into "post-crisis mode," analysts say.(AFP/File/John Macdougall)

The Lehman Brothers headquarters in New York, seen here in 2008. ...

(AFP/File) — Wed, 04 Nov 2009 17:28:11 GMT

(AFP/File) - The Lehman Brothers headquarters in New York, seen here in 2008. The idea has been "gaining traction" and is starting to get fleshed out following the failure of investment bank Lehman Brothers last year that sparked a global financial crisis, the senior Canadian finance official told a briefing.(AFP/File/Nicholas Roberts)

A man walks out of a branch of savings bank Cajastur in Oviedo, ...

(Reuters) — Wed, 04 Nov 2009 16:45:33 GMT

(Reuters) - A man walks out of a branch of savings bank Cajastur in Oviedo, northern Spain, November 4, 2009. The Bank of Spain said on Tuesday that it has approved the takeover of the only Spanish bank to be bailed out during the financial crisis, Caja Castilla La Mancha (CCM). REUTERS/Eloy Alonso (SPAIN BUSINESS)

A top US treasury official on Wednesday praised the role of ...

(G20) — Wed, 04 Nov 2009 13:58:08 GMT

(G20) - A top US treasury official on Wednesday praised the role of emerging economies in the Group of 20 of the world's wealthiest nations for their role in reining in the global economic crisis.(G20)

Toyota's Italian driver Jarno Trulli drives at the Yas Marina ...

(AFP/File) — Wed, 04 Nov 2009 11:00:58 GMT

(AFP/File) - Toyota's Italian driver Jarno Trulli drives at the Yas Marina Circuit on November 1, in Abu Dhabi, during the Abu Dhabi Formula One Grand Prix. Formula One was left reeling as Toyota became the latest automaker to quit the glamour sport in response to the economic crisis, just days after tyre manufacturer Bridgestone pulled out.(AFP/File/Fred Dufour)

Toyota driver Kamui Kobayashi leaves the pits of the Yas Marina ...

(AFP/File) — Wed, 04 Nov 2009 11:00:58 GMT

(AFP/File) - Toyota driver Kamui Kobayashi leaves the pits of the Yas Marina Circuit in Abu Dhabi. Japan's Toyota Motor announced Wednesday it was quitting Formula One racing, joining an exodus of Japanese automakers from the sport due to the global economic crisis(AFP/File/Fred Dufour)

Japan's Toyota Motor announced Wednesday it was quitting ...

(AFP) — Wed, 04 Nov 2009 08:16:16 GMT

(AFP) - Japan's Toyota Motor announced Wednesday it was quitting Formula One racing, joining an exodus of Japanese automakers from the sport due to the global economic crisis(AFP)

People shop in a Brooklyn supermarket in New York. Most Americans ...

(AFP/Getty Images/File) — Wed, 04 Nov 2009 07:15:42 GMT

(AFP/Getty Images/File) - People shop in a Brooklyn supermarket in New York. Most Americans still feel their country is faring badly, but their ranks have been dwindling since the financial crisis broke last year, a CNN/Opinion Research Corporation poll has said.(AFP/Getty Images/File/Spencer Platt)

A woman passes a branch of banking corporation Westpac in central ...

(AFP/File) — Wed, 04 Nov 2009 06:52:54 GMT

(AFP/File) - A woman passes a branch of banking corporation Westpac in central Sydney. Australia's second-largest lender has reported a 10.7 percent slump in annual profit on bad debts linked to the global credit crisis, but said the worst appeared to be over.(AFP/File/Greg Wood)

Chief Executive Officer Gail Kelly, of Westpac Banking Corp., ...

(AP) — Wed, 04 Nov 2009 05:01:35 GMT

(AP) - Chief Executive Officer Gail Kelly, of Westpac Banking Corp., one of Australia's largest banks, discusses profit results at a branch in Sydney, Wednesday, Nov. 4, 2009. Westpac said Wednesday its full-year profit dropped 10.7 percent due largely to bad debts amid the global financial crisis, but said it believed the bad debts had peaked.(AP Photo/Rick Rycroft)

Chief Executive Officer Gail Kelly, of Westpac Banking Corp., ...

(AP) — Wed, 04 Nov 2009 05:01:15 GMT

(AP) - Chief Executive Officer Gail Kelly, of Westpac Banking Corp., one of Australia's largest banks, gestures as she discusses profit results at a branch in Sydney, Wednesday, Nov. 4, 2009. Westpac said Wednesday its full-year profit dropped 10.7 percent due largely to bad debts amid the global financial crisis, but said it believed the bad debts had peaked.(AP Photo/Rick Rycroft)

Chief Executive Officer Gail Kelly, of Westapac Banking Corp., ...

(AP) — Wed, 04 Nov 2009 03:20:43 GMT

(AP) - Chief Executive Officer Gail Kelly, of Westapac Banking Corp., one of Australia's largest banks, discusses profit results at a branch in Sydney, Wednesday, Nov. 4, 2009. Westpac said Wednesday its full-year profit dropped 10.7 percent due largely to bad debts amid the global financial crisis, but said it believed the bad debts had peaked.(AP Photo/Rick Rycroft)

Chief Executive Officer Gail Kelly, of Westapac Banking Corp., ...

(AP) — Wed, 04 Nov 2009 03:20:01 GMT

(AP) - Chief Executive Officer Gail Kelly, of Westapac Banking Corp., one of Australia's largest banks, gestures as she discusses profit results at a branch in Sydney, Wednesday, Nov. 4, 2009. Westpac said Wednesday its full-year profit dropped 10.7 percent due largely to bad debts amid the global financial crisis, but said it believed the bad debts had peaked.(AP Photo/Rick Rycroft)

Britain's Chancellor Alistair Darling outlines details of his ...

(AP) — Tue, 03 Nov 2009 16:03:30 GMT

(AP) - Britain's Chancellor Alistair Darling outlines details of his proposed reforms of the UK banking sector in this image taken from TV at the House of Commons, London Tuesday Nov, 3, 2009. Britain pressed ahead Tuesday with a fresh wave of restructuring in its crisis-ravaged banking system, as Lloyds Banking Group PLC sought at least 21 billion pounds ($34.2 billion) through a record share issue and debt swap. (AP Photo/ PA)

People enter the headquarter of Lloyds Banking Group in the ...

(AP) — Tue, 03 Nov 2009 12:28:36 GMT

(AP) - People enter the headquarter of Lloyds Banking Group in the City of London, Tuesday, Nov. 3, 2009. Britain has pressed ahead with a fresh wave of restructuring in its crisis-ravaged banking system, as Lloyds Banking Group PLC sought at least 21 billion pounds (US$34.2 billion) through a record share issue and debt swap (AP Photo/Sang Tan)

A company sign is seen at the headquarter of the Royal Bank ...

(AP) — Tue, 03 Nov 2009 12:28:02 GMT

(AP) - A company sign is seen at the headquarter of the Royal Bank of Scotland Group in the City of London, Tuesday, Nov. 3, 2009. Britain has pressed ahead with a fresh wave of restructuring in its crisis-ravaged banking system, as Lloyds Banking Group PLC sought at least 21 billion pounds (US$34.2 billion) through a record share issue and debt swap. Royal Bank of Scotland gets a further 25.5 billion pounds from the government — all at once, instead of in stages as announced in February. The bailed-out bank will also sell assets to comply with conditions for state aid and the government's stake will rise from 70 percent to 84 percent. (AP Photo/Sang Tan)