The Bank of England’s supervisory court commissions three independent reviews into its performance during the financial crisis.

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Bank of England’s role examined

The European financial crisis is poorly understood in the United States.

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Frum: Yes, worry about the euro crisis

The embarrassing losses at megabank JPMorgan Chase reverberated in Washington, Wall Street and on the campaign trail Sunday, with JPMorgan Chase chief executive Jamie Dimon acknowledging that the bank “made a terrible, egregious mistake” by dismissing worrisome signs earlier this year about the bank’s trading strategy. Read full article > >

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3 JPMorgan Chase execs may depart as CEO Jamie Dimon acknowledges ‘terrible, egregious mistake’ on trading

Spaniards expressed anger about the economy and the handling of the international financial crisis.

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At Least 100,000 March in Spain Over Austerity

ATHENS — To hear Zoe Saramtou tell it, the solution to Greece’s economic woes lies in the success of a far-right party that says it wants to put mines along its border to keep out illegal immigrants and whose supporters throw the Nazi salute. Read full article > >

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Ahead of Greek election, fringe parties find support

The governor of the Bank of England, Sir Mervyn King, rejects criticism of the bank’s role ahead of the financial crisis.

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King rejects criticism for crisis

Official figures indicated that the British economy shrank in the first quarter, pushing the country into its second recession since the financial crisis.

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British Economy Slips Back Into Recession

Ben Bernanke says the US economy is yet to fully recover from impact of the global financial crisis and warns of new risks.

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Recovery not complete – Bernanke

Ben Bernanke says the US economy is yet to fully recover from impact of the global financial crisis and warns of new risks.

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Recovery not complete – Bernanke

Four years after the onset of the financial crisis — in March 2008 Bear Stearns was rescued from failure — we still lack a clear understanding of the underlying causes. Hundreds of studies and books have given us an increasingly detailed picture of what happened without conclusively answering why. Conventional wisdom has advanced competing theories: Wall Street types took too many risks, encouraged by lax government regulation; or pro-homeownership policies eroded mortgage-lending standards and created the housing bubble. Read full article > >

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Long-term understanding of the U.S. economic crisis

Six years ago, at the South by Southwest Film Festival in Austin, a documentary made its world premiere to good reviews but little additional fanfare. “ Maxed Out: Hard Times, Easy Credit and the Era of Predatory Lenders ” won a special jury prize but didn’t generate a bidding war worthy of breathless coverage in the trades. Still, it proved to be easily the most prescient film on the circuit that year, foreshadowing the subprime mortgage scandal, consumer debt crisis and financial meltdown that would capture headlines two years later. Read full article > >

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‘Maxed Out’ predicted the financial crisis, but it might have been only the beginning

Local governments in New York are finding themselves in the middle of a financial crisis, with problems spreading as they face a toxic mix of soaring pension and retiree health costs.

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Deficits Push Municipalities to Desperation

Local governments in New York are finding themselves in the middle of a financial crisis, with problems spreading as they face a toxic mix of soaring pension and retiree health costs.

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Deficits Push Municipalities to Desperation

The Kennedy Center is placing its bets on four Tony Award-winning plays — including “ The Book of Mormon ” — in its 2012-13 season, the center announced Tuesday. Besides “Mormon,” the winner of nine Tonys, the center has booked “Anything Goes,” holder of three Tonys, and “ Million Dollar Quartet ,” awarded one Tony. The critically acclaimed “War Horse,” from the National Theatre of Great Britain with puppets from South Africa’s Handspring Puppet Co. and which nabbed five Tonys, is also in the lineup for the season. Read full article > >

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Kennedy Center plans 4 Tony Award-winning plays in 2012-13

BRUSSELS — European leaders adopted a new treaty Monday that binds them to imposing caps on deficits and government debts in an effort to combat the painful financial crisis that has sabotaged prosperity across the continent. Read full article > >

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European leaders adopt treaty pledging debt reduction