Sentences with phrase «when banks collapse»

When the banks collapsed a few years back, everyone suddenly realized, people working in their own best interest (Rand's core philosophy) will destroy with impunity then run for the hills while the economy burns.

Chancellor George Osborne said in September: «This commission has tackled that big question that we face in Britain, which is how can we be a home to successful banks that compete around the world, but lend to British families and British businesses, but at the same time protecting us as taxpayers from the cost of them going wrong, and not ending up with a multi-billion pound bill when the bank collapses.»

When the bank collapsed, the Icelandic government passed an emergency law splitting it into a good bank (with assets) and a bad bank (with liabilities).

Not exact matches

When those prices collapsed anew a few years later, the central bank dropped the benchmark interest rate back to its crisis - era setting of 0.5 per cent %.

When the Bank of Canada cut interest rates in 2015 to offset the collapse of oil prices, it was worried about more than a blow to gross domestic product; it was also thinking about what mass firings in the oil patch could mean for the financial system.

LONDON, Jan 15 (Reuters)- Carillion collapsed on Monday when its banks pulled the plug, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks.

LONDON, Jan 15 - Carillion collapsed on Monday when its banks pulled the plug, triggering Britain's biggest corporate failure in a decade and forcing the government to step in to guarantee public services from school meals to roadworks.

Former Co-operative Bank chairman Paul Flowers was a Methodist minister when the U.K. bank collapsed in 2Bank chairman Paul Flowers was a Methodist minister when the U.K. bank collapsed in 2bank collapsed in 2013.

That's lower than the prevailing price in 2015, when the Bank of Canada dropped its policy rate to 0.5 % to counter the blow from the collapse of crude prices.

In July, when the Bank of Canada cut its policy to its current setting of 0.5 %, policy makers expressed concern over weak non-energy exports and a deep contraction in business investment brought on by the collapse of commodity prices.

When I headed an international investigative economic team in 2010, we visited Latvia's bank insurance agency and were told that they had anticipated a collapse of the bubble.

The Central Bank authorities knew DB was going to collapse when Anshu Jain was fired in June 2015, literally about 2 weeks after DB's board had given Jain even more control over bank operatiBank authorities knew DB was going to collapse when Anshu Jain was fired in June 2015, literally about 2 weeks after DB's board had given Jain even more control over bank operatibank operations.

The private bank however had to bring back the SIV on its balance sheet when the MBS market collapse and take huge losses like Citigroup did.

This is the same Jamie Dimon who didn't need a cash infusion when Hank Paulson summoned chief executives of the nine largest U.S. banks to the Treasury in October 2008, handed them an agreement to sell shares to the U.S. government and told them to sign it; the same Jamie Dimon who managed to steer JPMorgan through the worst financial crisis since the Great Depression and remain profitable; the same Jamie Dimon whom the government tapped to buy Bear Stearns Cos. to prevent potential fallout from its collapse; the same Jamie Dimon who was held up as amodel for how a bank should be run.

This reminds me of 2008, when then - Treasury Secretary, ex-Goldman Sachs CEO, Henry Paulson, and Fed Chairman, Ben Bernanke, paraded in front of Congress and threatened a complete systemic collapse if Congress didn't authorize an $ 800 billion bailout of the biggest banks.

On September 15, 2008, a key moment in the 2008 financial collapse on Wall Street when Lehman Brothers filed bankruptcy, Merrill Lynch was forced into the arms of Bank of America and Citigroup teetered toward insolvency, Deutsche Bank's shares closed the day at $ 58.80 (equivalent price adjusted for a subsequent stock split).

You're having an important conversation with a friend on the phone, when suddenly the line goes dead, usually at a critical place when they're just about to tell you that the baby has been born, the stock market has collapsed or that chap in charge of North Korea has decided to volunteer at a food bank and revise his haircut.

What was the due diligence that Bank of Ghana did on this individual to clear him when he has just collapsed another bBank of Ghana did on this individual to clear him when he has just collapsed another bankbank?

«The new Managing Director of ADB appointed, how did Bank of Ghana clear that Managing Director when he was the Managing Director of Capital Bank that has just collapsed?.

The Spending Review and capital investment plans together are insufficient to tackle our real economic challenges following the banking crisis and the alarming collapse in living standards — which may yet take a further substantial hit, not least as the economy stagnates and when details of the welfare spending cap emerge.

Iceland's banking sector was allowed to grow to a disproportionate size relative to Iceland's GDP, including by offering foreign currency savings accounts at attractive interest rates, which implicitly put the Icelandic government, and therefore the Icelandic people, on the hook for ultimately repaying other countries when Iceland's banking system collapsed and a systemic Icelandic bank run occurred.

In turn, Gillibrand spokesperson assailed Malpass for his role as the chief economist at Bear Stearns when the investment bank collapsed.

Unlike catfish that ambush pigeons at the water's edge, lesser salmon catfish may just be eating mice drowned when their nests in river banks collapse, says Erin Kelly of Murdoch University, Perth, who led the study (Journal of Arid Environments, doi.org/bpwq).

The importance of network effects for the financial system is also stressed by Stefano Battiston, a network economist at ETH Zurich: «Recent research on contagion in financial networks has shown that network topology and positions of banks matter; the global financial network may collapse even when individual banks appear safe.

When the housing market collapsed and the banks began pulling back credit we did not fully comprehend how that would affect our business model.

When four outsiders saw what the big banks, media and government refused to, the global collapse of the economy, they had an idea: The Big Short.

When four outsiders foresee the impending collapse of the global economy long before the big banks, media and government regulators realize what's happening, they capitalize on it by shorting the booming housing market through the invention of a clever financial instrument called the credit default swap.

Based on the book Le Capital by Stéphane Osmont, and written by Costa - Gavras, Jean - Claude Grumberg and Karim Boukercha, when the CEO of France's Phenix Bank collapses on the golf course, Machiavellian young executive Marc Tourneuil (Gad Elmaleh) is crowned as his replacement.

As is often the case, a subject that came up (not raised by me) was Washington Mutual (WaMu, a bank holding company that collapsed in 2008, trashing a bunch of mutual funds when it did).

It was passed when a large portion of the U.S. banking system collapsed during the Great Depression in the 1920s and 1930s.

Washington Mutual Bank was the largest American Savings and Loan association when it collapsed in September of 2008.

When the economy looks like it's about to collapse and you have money in the bank, then you might start to panic.

According to NerdWallet, during the economic collapse of 2008, ``... when the Federal Reserve passed new regulations that limited banks» ability to collect money from overdraft fees...» the use of debit cards decreased.

What's will be the impact on US banks when the Greece - Germany talk collapse?

Prince Alwaleed acquired his Citi stake in 1991 when the bank struggled with Latin American loan losses and the U.S. real estate market collapse, and his shares in the banks were worth some $ 6 billion earlier this month.

Banks used to pay significant dividends but slashed them when their earnings collapsed.

The greatest threat to the economy and the banking system is the credit card collapse that will happen when the newly unemployed miss payments, trigger penalty fees, and simply stop paying at all.

And, when things went south, the Banks somehow were able to whisper into politicians» ears that if they were allowed to become insolvent the world would collapse.

Accordingly, only when we recognise that monetary central planning is the ultimate source of our financial and economic distemper, and when it either collapses or is consigned to the dustbin of history, and when 100 % - reserve banking and sound money replace fractional reserve and central banking and fiat currency, will the ruinous cycle of boom and bust become as thing of the past.

I heard when they outlawed gambling in second life users made a run on the banks, causing them to collapse, costing one architect thousands of real dollars that he had not converted from virtual «linden bucks» into real world cash yet.

When the banks and Wall Street were on the verge of collapse, taxpayers were forced to step...

That city may be undergoing the largest municipal bankruptcy in U.S. history, but unlike when the big banks and giant financial outfits teetered at the edge of collapse, President Obama has made it clear that this time there will be no billion - dollar federal bailout.

2) If the ratio of the Deposit Guarantee Directive is that it only comes into play when a single bank collapses and not in the event of a systemic crisis, why is it not clearly stated in its recitals?

As with all things Brexit, there is no certainty surrounding whether or not jobs will be relocated, and even senior financial services titans disagree on the current state of the City: when HSBC chairman Douglas Flint compared London's post-Brexit financial services sector to a Jenga tower, poised to collapse, Lloyds Banking Group chairman Lord Blackwell was quick to disagree.

During the Great Depression, when banks were collapsing left and right, and mutual funds were disappearing, the cash value and annuity products with legal reserve companies had an almost perfect record of success.

All of their dreams were gone when the Soviet Union and the banking systems collapsed in 1991.

Many people believe that the bank will look after their money however, with proposals like this from the EU, it highlights the fact that we need another way to ensure our money is safe — the people of Cyrus will agree after their money was frozen during 2013 when the country was close to economic collapse.

I in turn laughed all the way to the bank when, incredibly, both previous offers collapsed and mine went through.

Watching the Federal Deposit Insurance Corp. step in after high - flying banks collapsed during the Great Recession reminds us that the bill still falls on the taxpayer when the federal government doesn't guarantee the mortgage loans.