Barney Frank: former chairman of the House Financial Services Committee ensured mark-to-market practice ended. Photograph: Charles Dharapak/AP

The economic crisis sparked by the subprime mortgage market in the US was the fault of an accounting rule, guests heard a US economist argue over dinn(...)

Warren Buffett, chairman and chief executive of Berkshire Hathaway, speaking at Georgetown University in Washington DC last Thursday. Photograph: Andrew Harrer/Bloomberg

When you’re trapped in a city with House Republican gargoyles who don’t understand maths or history, much less reality, sometimes you crave a dose of (...)

The headquarters of Lehman Brothers in New York on September  15th, 2008, the day the bank filed for bankruptcy.

W hen Lehman Brothers filed for bankruptcy on September 15th, 2008, the financial sector shook across the world. The bank was forced to seek Chapter 1(...)

This week’s Asia Briefing comes from Chengdu, in the western Chinese province of Sichuan, which is hosting the three-day Fortune Global Forum of busin(...)

A man waits to make a transaction at a Laiki Bank ATM in Nicosia yesterday. Cyprus’s two insolvent banks are being put through resolution procedures that will see equity holders and bondholders lose out and uninsured deposits subjected to a substantial write-down. Photograph: Reuters/Yorgos Karahalis

From an Irish perspective the most remarkable aspect of events in Cyprus is how they represent a complete reversal of Eu ropean policy from the(...)