The Latest Breaking News from Great Recession

UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession

But they're still optimistic about their financial futures.

Birth rates are falling in the U.S. After the highs of the Baby Boom in the mid-20th century and the lows of the Baby Bust in the 1970s, birth rates were relatively stable for nearly 50 years. But during the Great Recession, from 2007-2009, birth rates declined sharply – and…

Who Is Ben Bernanke?Ben Bernanke, 14th Chairman of the Federal Reserve, was hailed for his leadership through the 2007–2008 Financial Crisis. Although the crisis would result in the 18-month-long Great Recession, Bernanke steered the economy to safer waters relatively quickly—that is, compared with ...