Sentences with phrase «biggest bank collapse»

The company has been buying and passing on worthless packages of mortgages, and it is on the brink of the biggest bank collapse of all time.

Not exact matches

As the second week of big bank earnings kicks off one technician warns the group could be on the verge of a collapse.

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.

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.

We depend on investors at big banks to protect us from economic collapse.

At the root of bankism is government policy that denotes banks are too big too fail and shouldn't be allowed to collapse.

Big banks in places like Ireland and Iceland collapsed.

The result will be the same as the US, the too big to fail banks will be gifted huge swags of Government printed money, Government revenue will collapse and they will then print 50 % of their budget into the foreseeable future.

Carney is credited with sensing early how the New York investment bank's collapse could spell big trouble for markets and the economy.

(Reuters)- U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

Canada's housing market is 10 % overvalued, with the biggest risks in condominium overbuilding and uncertainty over how many investors are buying, but the risk of a U.S. - style collapse is low, a top executive at Canada's second largest bank said on Monday.

I prefer to wait and buy AFTER the collapse of a big bank or two, given my predilection for sound sleep

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.

The quote above embodies two of the concepts I've been discussing for quite some time in the weekly Short Seller's Journals: Central Bank intervention will ultimately fail in spectacular fashion; the Too Big To Fail Banks (TBTFs) currently have more leverage and OTC derivatives — the latter well hidden off - balance - sheet — than just before the 2008 financial crisis / de facto collapse.

The biggest immediate loser from the «No» triumph in Italy could be Italy «s third - largest bank, Monte dei Paschi di Siena, which is bowed by bad loans and is looking to raise 5 billion euros ($ 5.3 billion) this month to stave off collapse.

The Nikkei 225 also fell nine per cent last night - its biggest one day fall since 1987 - as a result of fears of a banking collapse.

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.»

The 4 - minute refueling Three Citaros operated successfully every day for three years in punishing weather conditions on the streets of Iceland's capital, Reykjavik, before the financial crisis and the collapse of the country's biggest banks postponed Iceland's dreams of becoming the world's first hydrogen - powered economy.

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 Shobig banks, media and government refused to, the global collapse of the economy, they had an idea: The Big ShoBig Short.

The Big Short examines the 2008 economic collapse, and how it was spurred by predatory financial institutions taking advantage of people's hopes and dreams of succeeding in America, from the point of view of the banks that caused the catastrophe; The Florida Project shows us the swampy, brightly - colored, half - decayed Florida landscape briefly glimpsed in The Big Short, and centers on the very people who are struggling the most financially as a result of the greed of others and the desire to achieve the vaunted American Dream.

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.

The housing bubble, the market collapse, and the banks that were too big to fail — in theory, these topics are best left to documentaries to examine and explain.

Things get more tangled as the movie goes on: Based on Michael Lewis» rightly acclaimed book, about the traders who foresaw a collapse in mortgages that would lead to a bank crisis and a nationwide financial panic in 2008, the big - screen version is a film without an audience.

The Big Short, Adam McKay's 2015 financial lecture masquerading as a high - profile comedy pitting banking snobs versus investor slobs, spent much of its run time warning people away from the sorts of behaviors that led to the banking collapse of the mid-2000s.

Adapted from Michael Lewis's bestselling book The Big Short: Inside the Doomsday Machine, Adam McKay's stylized comedic take on the international banking collapse of 2007 - 08 nerds up Steve Carell, Ryan Gosling, Brad Pitt and an Oscar - baiting Christian Bale as real - life money - managing eccentrics who, independently, come to realize a market based on subprime loans is going to tank.

Companies were collapsing weekly during the fall of 2008 and Washington Mutual Bank was one of the biggest to fail.

The four big banks lost a further $ 19bn in appraised value, and if you throw in another $ 25bn, or 31 %, lost by the ASX 200 Energy Index thanks to a collapsing oil price, a total of $ 128bn has been wiped from the big end of town.

News reports from this group show that many credit unions are evaluating whether they can fill a «vacuum» that resulted from the mortgage - lending pullback by big banks, as well as the collapse of many sub-prime lenders in recent years.

The meltdown has forced the world's biggest banks and securities firms to take $ 467 billion in asset write - offs and credit losses and led to the collapse of Bear Stearns Cos..

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.

A sign that China's economy is on the verge of collapse New figures reveal that China's big banks wrote off 10 billion dollars in bad debts last year, double the amount recorded in 2012.

The bailout package is aimed at staving off a complete collapse of Greece's economy — an event that could bring financial ruin to some of Europe's biggest banks.

The most important lessons learned since the collapse of Lehman Brothers are that no bank is too big to fail and that national banking systems are...

Following The DAO's collapse, big banks like Barclays and smaller startups have been investing time and energy in alternative smart contracting languages.