Not exact matches
They're also a potentially important move for banks, which have been criticized for moving too slowly to provide
credit to small businesses in the wake of the
financial crisis.
Alliance Data's Ed Heffernan is
credited for keeping the company afloat and optimistic in the aftermath of the
financial crisis.
Historically,
credit markets dry up first in a
financial crisis, and equity markets follow.
CEO Leah Busque
credits her fiscal restraint to the company's beginnings during the
financial crisis.
Corporate America has operated in
crisis mode since the 2008
financial panic, accumulating cash as a brace against further turmoil similar to the
credit implosion.
Since the
financial crisis, easy
credit has certainly boosted US auto sales.
Then the
credit crisis erupted in 2008 and the company's bank, under
financial pressures, reined in the New York City firm's revolving
credit line.
Even the most popular explainer in recent years of the
financial crisis — «The Big Short» — had to employ non sequiturs with celebrities explaining ideas like mortgage - backed securities and
credit default swaps to communicate how it happened.
The often blunt CEO of JPMorgan Chase rose up the ranks of Wall Street and, after being ousted from Citigroup by former CEO Sandy Weill, later went on to the top job at JPMorgan and is
credited with leading the bank through the
financial crisis relatively unscathed compared to other banks.
Moreover, Treasuries are quite sensitive to rate increases, and Ms. Jones found that the
credit quality of the corporate bonds in the index had decreased since the
financial crisis.
«After a nine - year bull market, (short selling) was like swimming upstream,» said conference organizer Whitney Tilson, who
credits short - selling with saving his own hedge fund during the 2007 - 2009
financial crisis.
Monti was widely
credited with tightening Italy's public finances and restoring its international credibility after the scandal - plagued Berlusconi, whom he replaced as the 2011
financial crisis threatened to spin out of control.
This cycle was partly caused by the explosion of
credit in the wake of the 2008 global
financial crisis.
The buffer is put in place to ensure that lenders do not get themselves into the same positions that they did during the
financial crisis, protecting themselves from debt going bad and triggering another
credit crunch.
Lending data for September, which were published earlier Thursday, are also likely strengthen the ECB «s confidence, as they showed bank
credit to Eurozone companies and households growing at the fastest pace since the start of the
financial crisis.
He's
credited with one of the greatest investments of all time in his risky buyout of petrochemicals maker LyondellBasell, which he purchased out of bankruptcy amid the
financial crisis for north of $ 2 billion.
While
credit spreads and leading indicators appear to be fairly well behaved, many have noted the sinister looking shape of the yield curve, near its flattest level since before the global
financial crisis (see the chart below).
December 2009 (1967 kb PDF file): The Q&A in this issue features seven questions about political influence and the
financial crisis (by Deniz Igan, Prachi Mishra, and Thierry Tressel); research summaries on «Credit Conditions and Recoveries from Financial Crises» (by Prakash Kannan) and «Inflation Targeting in Emerging Economies» (by Turgut Kýþýnbay); the contents of the latest issue of IMF Staff Papers; a listing of visiting scholars at the IMF during October — December 2009; and listings of recent IMF Working Papers and Staff Posit
financial crisis (by Deniz Igan, Prachi Mishra, and Thierry Tressel); research summaries on «
Credit Conditions and Recoveries from
Financial Crises» (by Prakash Kannan) and «Inflation Targeting in Emerging Economies» (by Turgut Kýþýnbay); the contents of the latest issue of IMF Staff Papers; a listing of visiting scholars at the IMF during October — December 2009; and listings of recent IMF Working Papers and Staff Posit
Financial Crises» (by Prakash Kannan) and «Inflation Targeting in Emerging Economies» (by Turgut Kýþýnbay); the contents of the latest issue of IMF Staff Papers; a listing of visiting scholars at the IMF during October — December 2009; and listings of recent IMF Working Papers and Staff Position Notes
«Responsible lending by community banks and
credit unions did not cause the
financial crisis, and our mortgage rules reflect the fact that small institutions play a vital role in many communities,» CFPB Director Richard Cordray said in a press release.
While junk bonds may not represent a systemic risk as
credit derivatives did during the
financial crisis, they can be one of the more effective leading economic indicators.
Neither Harper nor Carney can take
credit for Canada's strengths going into the
crisis, and they can't be blamed for the
financial meltdown that caused the
crisis.
Credit default swaps figured prominently in the
financial crisis, notably in the near - collapse of American International Group, a giant insurer that sold protection to investors in home mortgages but couldn't pay out on the policies when the housing market crashed.
Many central banks, especially during the most acute phases of the
crisis, also employed policies known as «
credit easing,» which involves purchases of private sector assets in certain
credit markets that are important to the functioning of the
financial system but are temporarily impaired.
Jim Flaherty on Stéphane Dion on the U.S.
financial crisis: The American
credit crunch did not start two weeks ago.
But a good
credit score also can act as a lifeline in a time of hardship or
financial crisis.
The theory is that the
credit crisis in the United States might have been avoided if a central authority had seen the systemic danger posed by Wall Street's aggressive selling of securities backed by subprime loans and other complex
financial products.
«Now as we all know,
credit unions were not a primary cause of the
financial crisis.
In so doing, this flow of saving helped to fuel a
credit boom and risk - taking in major advanced economies, particularly in the United States, thereby sowing the seeds of the global
financial crisis.
The second was in 2008, when the
financial crisis caused a
credit crunch and a worldwide recession.
Many economists recognize the
credit crush of 1966 as the first significant post-war
financial crisis.
This pales in comparison to
credit default swaps, which had a notional value that was 100 % of global GDP prior to the 2008
financial crisis.
Obviously this set of scenarios — in which GDP grows on average at rates between 3 % and 6 % for ten years while
credit efficiency is improved so dramatically that in 5 - 6 years China begins to deleverage and by the end of the period these growth rates can be maintained with no growth in
credit — is theoretically possible, but just as obviously it is highly implausible, and I can not think of any country in history that has achieved such a turnaround in its
financial sector without having first experienced a brutal
financial crisis.
But that fall, the
credit crisis hit with a vengeance as Lehman Brothers failed and banks all over the world faced
financial crises.
And number three, frankly, was mainstream because many people overreached in their homes because there was easy money and easy
credit before the
financial crisis.
Reflecting on the 10 years since the
credit crunch and subsequent global
financial crisis, David Craig explains:
In that role he was
credited with steady handling of Canada's economy during a
financial crisis that took its toll on other G8 and G20 nations.
After the
financial crisis, global bank regulatory bodies established a number of new banking regulations which are having important effects on the
credit machine.
It's a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008
financial crisis because lenders use their prime rate as a benchmark for setting some other short - term rates including variable - rate mortgages and lines of
credit.
This led to a continuing squeeze of
credit spreads and increased issuance of riskier bonds, a phenomenon reminiscent of the exuberance prior to the global
financial crisis.
However, since the
financial crisis, an increase in regulation and accountability has forced many banks to repair their balance sheets, tighten their
credit policy and adhere to a more punishing regulatory environment.
Knowing what we do now, with the
financial crisis supposedly behind us, would you say that current regulations in place for our
credit, lending and investment industries are sufficient and satisfactory enough to prevent consumers from doing this much
financial damage to themselves?
In other words, a 750
credit score coming out of the
financial crisis counts for more it did ten years ago.
While no one is expecting a new peak in trading like the ones that occurred in 2009 and shortly before the
financial crisis, the trading desks of the biggest U.S. banks are expected report revenue as much as 5 % higher than a year ago, say analysts at
Credit Suisse.
Financial news has been bleak as of late, with the
credit crisis and the collapse of Bear Stearns rocking the real estate world.
The global
financial crisis which occurred about a decade ago is
credited with inspiring the invention of Bitcoin (BTC).
(It is worth noting that both the
Credit Suisse ETN and the ProShares ETF began trading after the 2008
financial crisis.
As esoteric as the term may be outside of corporate boardrooms, among central bankers forward guidance has become Carney's trademark invention, and is
credited for much of the country's strong economic performance throughout the
financial crisis.
China's
credit rating was downgraded one notch to A + by ratings agency Standard & Poor's (S&P), which cited increased economic and
financial risks, following the significant rise in the country's debt levels since the global
financial crisis.
In» 08, the derivatives and
credit markets were locked up that's how got the great
financial crisis.
The
credit crunch and ensuing
financial crisis left a legacy of heightened cost efficiency measures.