Investment bank Goldman Sachs executives boasted about the money the bank was making while the US housing market was collapsing in 2007, released company e-mails show.
Iran's Revolutionary Guards Corps has stepped up its presence in Latin America, especially in Venezuela, according to a Pentagon report to the United States Congress partially de-classified this week.
US President Barack Obama has attacked critics of his banking reforms in a speech which warned that without change the financial crisis will be repeated. Reckless practices and financial firms that acted like “bandits” should never be allowed to operate again, he said.