The Treasury Secretary’s hectic schedule after Lehman Brothers’ collapse illustrates the chaos of the financial crisis

Getty Images Saturday marks exactly 10 years since the collapse of Lehman Brothers, the biggest bankruptcy in the history of the United States, and the defining event of the financial crisis. The days after Lehman’s collapse were a frantic scramble to prevent the collapse of the whole financial system. At the heart of that scramble […]

Buildings collapse, people injured & trapped by landslides after 6.7 quake rocks Japan

A large-scale rescue operation is underway on the Japanese island of Hokkaido after a powerful 6.7 earthquake triggered several landslides that swallowed a number of houses, injuring and trapping people inside. The rural town of Atsumi has been partially devastated after a chunk of a mountain ridge slid and covered several houses, aerial footage by […]

Former Lehman Brothers staff are hosting a secret party on the 10-year anniversary of the bank’s collapse

Oli Scarff/Getty Images September marks 10 years since the collapse of Lehman Brothers, the biggest bankruptcy in US history, and the most significant moment of the financial crisis. Hundreds of former Lehman staff are having a reunion in London to commemorate the anniversary, according to a report from Financial News Details of the event are […]

Bodies of 3 family members found in wreckage of Genoa bridge collapse

The bodies of three members of the same family have been discovered in the wreckage of the Genoa bridge collapse, bringing the total death toll to 43, the local government has confirmed, as cited by Reuters. The bodies were discovered in a car which was crushed beneath slabs of concrete. The Genoa prefecture added that […]

‘Life as we know it’ ends in 2040: Aussie news dig up MIT’s global collapse prediction

A 1973 Australian news report has resurfaced, predicting the end of the world with the help of MIT researchers and a supercomputer. The end of days is apparently due in 2040, with a major global change slated for 2020. If you trust MIT’s world-renowned expertise, 2040 is when “civilized life as we know it” will […]

‘It was a miracle’: Survivor of Genoa bridge collapse shares his story (VIDEO)

An Italian has told RT’s Ruptly how he miraculously managed to flee the site of bridge collapse in Genoa just seconds before it fell. At least 35 people died in the tragedy, and there are fears that the death toll may rise. An injured eyewitness who walked away from the catastrophe spoke to Ruptly on […]

Turkey’s central bank promises ‘all necessary measures’ to save its financial system amid lira collapse

The Central Bank of the Republic of Turkey (TCMB) has outlined a range of measures to bolster liquidity and support the financial system. The lira plunged as much as 10 per cent during the Asian markets trading session after a fall of 25 per cent against the US dollar last week — moves that rattled […]

China's New Rules Spark Private Equity Collapse

Chinese alternative asset managers have become the latest casualty of the country’s crackdown on debt and financial risk, with a record number of private equity and hedge funds dissolving in recent months as new regulations limit their fundraising. In the first six months of this year, the Asset Management Association of China (Amac) — a […]

It wasn't a 2013 collapse, but this Game 7 loss to Bruins was close

As the visiting team at TD Garden in Boston, you never want to hear the tune Dirty Water by the Standells in the handshake line after a playoff series. That’s the Boston Bruins’ victory song, and for the second time in five years, this was the song playing on the public address system Wednesday after a hard-fought, seven-game series between the […]