Sentences with phrase «bank collapsed in»

In the wake of the global financial crisis, Fortress bought bad loans in Italy and has a track record in Japan, where it bought hotels held by Lehman Brothers after the bank collapsed in 2008.

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

Not exact matches

The ECB essentially is the only thing keeping the Greek banking system from collapse by meting out loans in return for collateral.

Competition for cash has returned with a vengeance, after the Fed stifled it in 2008 to keep the cost of funding for banks to near zero so that they could maximize their profits in order to rebuild their capital after teetering on the verge of collapse.

The Bank of Canada said nothing in public about the possible merits of deficit spending as it twice cut its benchmark interest rate last year to offset the collapse of oil prices.

Given the collapse of commodity markets was the trigger for the shock interest - rate cut in January, it is reasonable to speculate that continued weakness could prompt the central bank to lower borrowing costs a third time in 2015.

There is another pressing issue to solve in Europe's banking system: Novo Banco — a Portuguese bank that emerged from the collapse of the country's biggest lender.

In the interview that aired Sunday, she warned that it would be a «grave mistake» to roll back the regulations put on banks after the previous economic collapse.

The figures suggest that the imposition of capital controls in an attempt to stop the country's banks from collapsing had less of an impact than first thought.

The Basel Committee is still figuring out how to determine which domestic banks in any given country are systemically important — meaning if a bank were to collapse, could it severely destabilize the country's financial system?

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.

The debt is mostly blamed on Irish banks, which the government bailed out after the housing market collapsed in 2008.

However, the bailout is another blow to a country that has largely failed to develop trust in private - sector banks in nearly three decades since the collapse of Communism.

Just as critically, banks were on the verge of collapse, and were bailed out with billions of dollars in taxpayer money.

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.

The Guardian reports that Gunnlaugsson co-owned a British Virgin Islands — registered company called Wintris Inc., which reportedly held shares worth nearly $ 4 million in three Icelandic banks that collapsed during the financial crisis of 2008.

Billionaire hedge fund manager John Paulson has the distinction of having predicted the mortgage market crash in 2007 and the collapse of banks and financial firms in 2008.

Novo Banco, the bank that was built with the good assets of the collapsed Banco Espirito Santo, reported a net loss of 1.4 billion euros for 2017 — nearly doubling its loss registered in 2016.

The European Central Bank (ECB) stopped all payments by one of Latvia's largest lenders on Monday, after its liquidity position collapsed in the wake of allegations from U.S. authorities.

The scenarios used by the Bank of England are pretty apocalyptic, setting out major collapses in a whole heap of asset classes and a massive worsening of economic conditions.

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.

As though in solidarity, the Irish banking system collapsed two weeks later.

• Allied Irish Banks, whose collapse helped push Ireland into bailout territory in 2010, hit the markets Friday with a $ 13.3 billion valuation, the Wall Street Journal reported.

Depositors in its collapsed banks were treated to high and tight haircuts.

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 priceIn 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 pricein business investment brought on by the collapse of commodity prices.

The system collapse could result in TSB paying fines and compensation, while the Bank of England's watchdog the Financial Conduct Authority said it plans to talk to the firm to understand what went wrong.

In a quiet acknowledgment of these facts, the governor of the Bank of Canada, Mark Carney, was appointed as the new chief of the Financial Stability Board, a group of top fiscal experts trying to keep the global house of cards from collapsing.

Carolyn Wilkins, the No. 2 at the Bank of Canada, told me in an interview that Canada's housing market is trifurcated, or like a triple - layer cake: Toronto and Vancouver; Calgary and other places affected by the collapse of oil prices; and everywhere else, where housing prices are flattening out.

It was a direct signal to Canadians that the government was worried about a housing collapse that would damage the economy in a similar way to the US collapse in 2008; something the Bank of Canada is still worried about today.

Big banks in places like Ireland and Iceland collapsed.

Weakening currencies in the post-Soviet states threaten to raise default rates on foreign - currency mortgages as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property plunge threatens Austrian banks.

Bank of America bought Countrywide in 2008 as it verged on bankruptcy amid the subprime lending collapse.

Around a third of the investors surveyed by the bank were underweight EM stocks, more than during the China debt scare in March of last year and up from levels seen during collapse of Lehman brothers in 2008.

World growth will remain low on average but negative in the UK and Europe; price inflation will remain sufficiently subdued for a while longer so as to impose no constraint on monetary expansion; central banks will sustain a regime of negative real interest rates and rapid monetary expansion; the risk of a eurozone collapse is off the table for now; finally, stock markets should continue to perform better than expected, even though the four - year old cyclical bull market is long by historical standards.

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.

This bank is obviously collapsing and any money manager who holds onto this stock for clients is in serious breach of fiduciary duty.

Let's think worst case — should the currency collapse in your home country... and should a bank run ensue... and should the government mandate that all banks then close for no less than a week... and should subsequent food shortages take place... and should no clean water be available... and should the electricity and heat not work... and should violent protests, riots, and widespread looting erupt...

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.

For the first time, the Bank of Canada added a home - price correction in Toronto, Vancouver or both to its list of four main financial risks, replacing the threat of a collapse in commodity prices, which was dropped.

Almost all CDs have FDIC insurance or NCUSIF insurance, for CDs issued by credit unions, which covers you in the unlikely event of your bank or credit union collapsing.

Even the Bank of Canada says the Canadian economy can no longer grow as fast as it used to because of the collapse in oil prices.

Namely, did the mortgages go bad because of the unanticipated nationwide collapse in home prices (a so - called exogenous factor) or are the banks responsible for the mess because they «misrepresented» to the mortgage purchasers the shoddy quality of the mortgages they put in securities and pools?

insurance, for CDs issued by credit unions, which covers you in the unlikely event of your bank or credit union collapsing.

Harvard University economist Lawrence Summers set the tone, using a newspaper commentary to label the current situation the most dangerous since the investment bank Lehman Brothers collapsed in 2008 and sparked a global financial crisis.

A sudden stop can occur if at some point China becomes dependent on external debt to fund growth (which isn't the case now, but is worth watching out for) or if credibility collapses and we see a run on the banking system (which is possible, but, in my opinion, still unlikely).

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.

The collapse of the banking system in Argentina came very close to triggering a financial crisis in London, the major international financial center.

Specifically, their identification of two main problems of that period — overly tight monetary policy and allowing the collapse of the banking system — were instructive in the current environment.

Since the collapse of Lehman Brothers in 2008, the top 50 global central banks have cut interest rates 673 times, and negative interest - rate policy efforts haven't worked.