Moody's downgrades 15 major banks
By Alex Hern - 22 June 8:07

Ratings agency locks the door; Horse already receding beyond the horizon

Nobody cares if a country's credit rating gets cut, so why listen to the agencies at all?
By Alex Hern - 20 June 9:30

Credit ratings agencies are wrong, confused and frequently completely ignored

The Greek elections saved the world for about 48 minutes
By Alex Hern - 18 June 12:13

Fundamental failings remain.

Spanish ten-year bonds hit 7 per cent
By Alex Hern - 14 June 10:59

Level seen as psychologically important

Credit markets don't trust Greece to stay in the euro
By Alex Hern - 29 May 17:46

Could be a mechanical grexit? A mecha-grexit?

Occupy the Euro
Occupy the Euro
By Alex Hern - 23 May 7:41

From Sky's Ed Conway comes this fantastic picture of German protestors quite literally occupying the euro (notice the little red tent).

Facebook IPO: the company floats on the stock market today
By Harriet Williams - 18 May 17:13

The company has been valued at $104bn.

Euro celebrations in brighter days; a field is mowed and stained into a coin
Eurocrisis, 1998
By Alex Hern - 16 May 12:58

Ten months before the euro was introduced, Paul de Grauwe described the present crisis.

Euro at four month low
By New Statesman - 16 May 8:34

Worries about a Greek exit spread outside the Eurozone.

New Statesman
Chart of the day: Greek coalition talks fail
By Alex Hern - 15 May 18:52

The final round of talks to form a coalition government in Greece fell apart today, causing large falls in a matter of seconds on the Athens Stock Exchange.

New Statesman
Facing the Grexit
By Alex Hern - 14 May 11:08

Could Greece actually leave the Eurozone?

Canada bids farewell to its one-cent coin
By New Statesman - 04 May 13:27

The final Canadian penny will be manufactured today.

European Central Bank President Mario Draghi
Britain is tied to the Eurozone – so why keep it at arms length?
By Petros Fassoulas - 30 April 14:16

Europe does affect British economic fortunes, which is why it is so counterproductive to pretend "so

A trader looks dejected
RORO: Risk on, risk off
By Alex Hern - 23 April 13:06

Assets are moving in lockstep with each other, which is making life very hard for traders indeed.

The UBS logo
FSA loses UBS test case
By Alex Hern - 23 April 8:54

Regulator denied right to penalise inadequate supervision

Christine Lagarde in the American National Portrait Gallery
IMF survey warns of deleveraging risk
By Alex Hern - 19 April 11:37

Banks hold too few assets, while credit remains scarce.

Several thousand renminbi worth of RMB 100 notes are held in Taiwan
HSBC raises two billion Renminbi in the City
By Alex Hern - 19 April 8:48

London hopes to become the big foreign capital for trading in the Chinese currency

Mount Washington Hotel, Bretton Woods
How could one devalue the pound?
By Alex Hern - 13 April 15:13

A new Civitas report suggests devaluing the pound to boost exports. But can it work?

A big Google+ logo.
Control freaks: Google's stock split
By Alex Hern - 13 April 11:51

It's good for the founders, but is it in the company's interests?

The high cost of a strong pound
By New Statesman - 13 April 6:58

The Treasury's obsession with inflation is hurting the UK economy, argues a new Civitas report.

Malaysia's Petronas Towers. The country is home to most sukuk trading. (Getty)
Growing state of Islamic finance
By Alex Hern - 11 April 9:41

Over $100bn Sukuk, or Islamic bonds, are set to be issued this year

Federal Reserve says no to more quantitative easing
By Alex Hern - 04 April 8:44

Fears of inflation make for timid monetary policy.

€200 billion more for Eurozone bailouts
By Alex Hern - 30 March 16:01

EFSF also expected to be kept operational during a "transition period" to ESM

BATS out of hell
By Alex Hern - 28 March 11:43

Chairman of troubled stock exchange stripped of title, but stays on as CEO.

The most awkward flash-crash possible
By Alex Hern - 26 March 10:34

When your stock exchange wipes 99.75 per cent off its own value in less than a second, it might be t

American investors fear divided government
By Alex Hern - 16 March 15:47

Debt ceiling struggle raised concerns.

Laundered money
By Alex Hern - 14 March 16:49

A bright orange bottle of detergent has become the underworld equivalent of prison cigarettes.

Osborne wants to sell 100-year debt
By Alex Hern - 14 March 10:52

Chancellor expected to announce a consultation on possibilities of long-term debt.

A woman walks by a wall adorned with graffiti in Athens
Greece green lights €206bn debt swap
By Alex Hern - 09 March 8:05

Ministry of Finance secures cooperation of 86 per cent of Greek law and 69 per cent of foreign law b

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