Joseph Gregory, second-in-command to former chief executive Dick Fuld, seeks compensation from collapse of Wall Street bank
The former president of Lehman Brothers has filed a legal claim seeking $233m (£145m) in remuneration from liquidators of the bankrupt Wall Street bank, whose collapse 11 months ago wrought havoc in global financial markets.
Joseph Gregory, who served as [...]

Remittances from Filipinos abroad are higher despite the global financial crisis. The $1 billion sent back monthly alleviates the effects of poverty and joblessness. But the exodus takes a toll.
Looking down [...]

(AP) — International trade in Latin America and the Caribbean is set to fall 13 percent this year, a U.N. economic commission predicted Tuesday — worse than the world average amid the global financial crisis. more …

Amid signs the rest of the world may be recovering from the global financial crisis, Africa is still being hammered. South Africa's economy, the continent's largest, shrunk by another 3 percent in the second quarter, an omen that things may get even worse before they improve. more …

China Merchant Bank’s fast growth amid a global financial crisis helped the bank rank first overall for leadership in the Asia 200 survey. more …

Japan’s economy broke free of recession in the second quarter, the government said Monday, expanding 3.7 percent at an annual pace on a strong rebound in exports and joining Germany, France and other economies in recovering from the global financial crisis. more …