The vast majority of banks in the US will face less regulation after US Congress rolled back part of the 2010 Dodd-Frank Act, which was enacted by the Obama administration after the financial crisis to prevent another financial meltdown.
Debt accumulated by US students has never been higher than in 2018, estimates show. Student loans account for the second-biggest pile of debt in the US, only trailing mortgages. Sophie Schimansky reports from New York.
China is experiencing its weakest economic growth since the global financial crisis of 2008. Since the root causes are homemade, this is not an insurmountable problem, says DW’s Frank Sieren.
German banking giant Deutsche Bank's US operations failed the Fed's second round of stress tests, the qualitative test. Of the big banks tested, 32 out of the 35 passed the test.
Since the outbreak of the financial crisis in 2007, financial institutions have paid more than Qatar's GDP in fines for their wrongdoings. As investigations and lawsuits continue, that number is expected to grow.
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