Sentences with phrase «during bank crises»

Doug is right on the button: how come Robert Peston hasn't been arrested for his involvement in the leaking of market - sensitive announcements during the banking crisis?

He said the Government was in denial about the fact that public spending saved the economy from collapse during the banking crisis.

During the banking crisis, many of the country's 7,800 credit unions amassed billions of dollars from their members» savings and from interest on home and car loans.

During the banking crisis, I invested in Countrywide Financial.

Illegal, you say... Yeah, about as illegal as them handing over 10s of billions of taxpayers» money to bondholders during the banking crisis, I'd say?!]

Rachel Uffner is among a few gallerists who opened up shop against all odds in 2008 during the banking crisis and have nonetheless thrived with artists like Sara Greenberger - Rafferty, Joanne Greenbaum, and Roger White.

The # 600m case was brought by 5,800 investors to the High Court, after they alleged that Lloyds» decision to acquire HBOS during the banking crisis was disastrous for investors.

Not exact matches

There's a reason the United Kingdom suffered so dearly during the financial crisis: It allowed its economic centre of gravity to shift to banking.

This is because the Great Recession has rewritten the rules of what can happen — and how central banks can respond — during financial crises.

During the financial crisis, when banks stopped lending to small businesses, Robert Berman's company, Cinium Financial Services, stepped into the gap.

The Nordic bank executive, whose cautious style proved wise during the financial crisis, is now guiding her organization through an era of negative interest rates.

(The theory is that if a bank has to shed assets during a crisis, potential buyers aren't going to pay a premium, making goodwill worthless.)

A report by the U.S. Government Accountability Office last year found the six largest financial companies, including Bank of America, Citigroup and Wells Fargo, lost nearly $ 16 billion in their proprietary trading units in just over 12 months during the crisis.

Emotions typically range from frustration, to a sliver of pride that none of our banks failed during the recent financial crisis.

GIC, one of the first sovereign funds to invest in Western banks during the global financial crisis, retains the other major investment made at the time, a stake in Citigroup which is profitable at current prices.

As for who will succeed Carney, there are many good reasons for thinking that Tiff Macklem, the senior deputy governor, is a prohibitive favourite: he established a strong reputation as he rose through the ranks at the Bank, and he played a crucial role during his short stint at the the Department of Finance during the financial crisis.

Recently, Britain's House of Lords studied IFRS's role during the financial crisis, which saw prominent banks collapse.

The government stopped short, however, of bailing out the company as it did with major banks during the 2007 - 09 financial crisis.

While that level certainly has declined, the nearly 6 percent drop to 7.9 million as of March 2014 could have been much worse considering the way Wall Street banks cut jobs en masse during the crisis.

A study from the University of Cambridge and Stanford holds that well - informed insiders at major U.S. banks bolstered profits thanks to advanced knowledge of government programs during the financial crisis.

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.

Although Canada's chartered banks gained considerable market share during the financial crisis, captives and sub-prime lenders have returned in force.

One study says the close relationship between the government and banking insiders during the financial crisis affected trades.

New studies find that banks abused nonpublic information during the financial crisis and that brokers and clients often engage in quid pro quo for insider knowledge.

Will the small banks that collapsed and consolidated during the financial crisis suddenly rise from the ashes?

Barclays has released information suggesting Diamond was given at least a tacit green light to fix rates during the heart of the financial crisis by Paul Tucker, deputy governor of the Bank of England.

And while these levels remain well below what was seen during the financial crisis, there's been an abrupt move, and these banks are now regarded as significantly riskier than they were just a few weeks ago.

Unfortunately for the Bank of Canada, market participants have struggled to accept that the paint - by - numbers approach to communication that became the norm during the financial crisis was never meant to last.

Buffett said he was proud of the many people who have been able to buy a home with Berkshire's financial assistance, and that the default rates on its loans during the financial crisis were lower than those of other banks.

Deutsche Bank (DB) is under investigation now for what allegedly may have been a $ 12 billion understatement of derivative losses during the financial crisis.

The lack of accountability during the financial crisis, which was a tear in the faith in governmental and banking institutions, is turning into a giant rip that may never be repaired.

The original idea was to create an electronic form of cash that could be sent «peer - to - peer» without going through a bank — an objective which was inspired by the banking crisis during the 2007 - 2008 recession.

Bank of America investors accused executives of not being open about the financial condition of advisory firm Merrill Lynch when the bank proposed buying it during the height of the U.S. financial criBank of America investors accused executives of not being open about the financial condition of advisory firm Merrill Lynch when the bank proposed buying it during the height of the U.S. financial cribank proposed buying it during the height of the U.S. financial crisis.

Economists have widely discredited this theory, saying it would hobble the ability of the central bank to act and make adjustments during times of economic crisis.

Speaking to The Tyee, Nanaimo - based accountant Ken Dreger lamented that, like American banks during the 2008 financial crisis, «The B.C. housing market's become too big to fail.»

Flaherty argues there is no need for an emergency fund in Canada, where there were no taxpayer - funded bank bailouts during the recent financial crisis.

By the late morning Eastern time on January 20, the central bank's benchmark could be 0.25 %, matching the record low set during the financial crisis.

Most agree that banks need to have more cash, or capital, available to ensure they do not default on their obligations when the value of their other assets plunge, as happened during the recent mortgage crisis.

Wechter joined Citigroup in 2004, working in investment banking and then corporate strategy during the financial crisis before becoming chief of staff to Richard Parsons, the chairman at the time.

The documents reveal that JPMorgan, as well as two firms the bank acquired during the credit crisis, Washington Mutual and Bear Stearns, flouted quality controls and ignored problems, sometimes hiding them entirely, in a quest for profit.

Additionally, some point to funding advantages that the biggest banks may gain for their size and market assumptions that the government would bail them out during another crisis, regardless of changes to the system under Dodd - Frank.

Some mortgage experts have argued that community banks had lower nonperforming loans during the crisis because of the strong relationships with their customers, and the loans held on their balance sheets performed better.

The report found that banks with more than $ 10 billion of assets generally had higher returns on assets and equity, except during the worst of the financial crisis.

During the crisis, the global community came together to address weaknesses in the international monetary system: creating the Financial Stability Board and European Stability Mechanism, strengthening central bank swap lines, and carving out a more prominent role for the G - 20.

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.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

A long - term Reuters reporter and team leader, she was Italy's Chief Financial Correspondent throughout the euro zone crisis and EMEA Wealth Management Correspondent during the fall of Swiss bank secrecy.

These tools were used effectively by many central banks during the global financial crisis of 2007 — 09.

This is because in China the gap between lending and deposit rates during this century has been much higher than in other developing countries, probably as part of the process of recapitalizing the banks after the last banking crisis at the turn of the century.

Mr. Friedman generated some controversy as chairman of the Federal Reserve Bank of New York during the financial crisis, when the Fed was helping put together a rescue plan for Wall Street.