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QFINANCE Top 5 Stories of the Week

QFINANCE brings to you its top 5 financial news stories of the week, along with relevant QFINANCE articles and definitions to fill you in on background details. Stories this week include the Irish economic crisis, UK student protests against tuition fees reform, and financial scandals in the US and India.

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Monday:

EU agrees to bail out Ireland

In a bid to rescue Ireland from financial crisis, Europe agreed to a bailout package of up to €90bn.

Tuesday:

Three major US hedge funds raided

Raids by the US Federal Bureau of Investigation took place after reports of an insider trading probe on Wall Street.

Wednesday:

Tom DeLay found guilty of money laundering

Former US House majority leader, Republican Tom DeLay, has been convicted of illegally channelling corporate donations to Texas candidates in 2002.

Thursday:

30 released on bail after UK-wide student protests

At least 41 people were arrested following violent protests against the government’s planned university tuition fees reform that could see students paying up to £9,000 a year.

Friday:

Indian bank loan investigation continues

Securities and Exchange Board of India (SEBI) will begin an inquiry in to the financial bribery scandal, to discover whether insider trading or stock price manipulation took place.

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