In turn, Gillibrand spokesperson assailed Malpass for his role as the chief economist at Bear Stearns when
the investment bank collapsed.
Not exact matches
The deal, which was backed by the Federal Reserve and the Treasury Department, avoided a
collapse of the venerable
investment bank suffering under the weight of bad mortgage debt.
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.
Carney is credited with sensing early how the New York
investment bank's
collapse could spell big trouble for markets and the economy.
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.
The
collapse of Daewoo in Korea in mid 1999 and the associated problems in the
investment trust industry, as well as the suspension of three merchant
banks this year, highlight the weakness that remains in Korea's financial sector and the potential risks to the region moving forward.
It has been five years since the
collapse of
investment bank Lehman Brothers Holdings, a shock point in an era that saw the takeover or shutdown of many household - name financial institutions and the meltdown of the stock and housing markets.
Flowers also made some unfortunate
investments, including MF Global, the brokerage firm that
collapsed and sought bankruptcy protection in 2011, and Tokyo - based Shinsei
Bank, which has fallen more than 60 % since the fund bought it in 2008.
The U.S. Senate is considering a bill that would remove some of the
banking safeguards imposed in the wake of the 2008 financial crisis and the
collapse of
investment bank Lehman Brothers.
While our operations in Brazil continue to struggle as a result of the country's economic
collapse, the currency devaluation,
banking collapse and supply chain difficulties, we have taken steps to limit further
investment, streamline operations and continue to reduce costs to mitigate its effect on our overall business.
Incidentally, the new ADB MD, Dr. Kofi Mensah, is a former MD and shareholder of the
collapsed Capital
Bank that Hon. Adongo said the BoG is buying off to enable such shareholders recoup
investments they should have lost.
George Osborne's reluctance to push through a full split of
banks»
investment and retail arms has
collapsed, prompting anger and recrimination from the City.
The resignation came days before the
collapse of
investment bank Bear Stearns, taking the «Sheriff of Wall Street» off duty just as the financial crisis began to unfold.
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.
Pension funds were being crushed by the
collapse in interest they earn on
investments, he added, while the
Bank's massive stimulus programme increased inequality by pushing up property and stock market prices, which benefited the better off.
In October, in the aftermath of the
collapse of US
investment bank Lehman Brothers and the UK's government
banking bailout, our poll gave Brown a massive «Churchillian» lead, but saw Cameron as top choice for PM after the next election.
Also confounding the effort is the
collapse of major financial institutions, such as
investment bank Lehman Brothers, which had a team of brokers specifically dedicated to trading in such carbon markets, which will have an impact as it may limit the number of financial speculators in RGGI.
Writer - director J. C. Chandor's «Margin Call» is about a rapidly unfolding crisis at an
investment bank on the eve of the 2008 economic
collapse.
Back then, we were at the peak of the financial crisis after the
collapse of
investment bank Lehman Brothers on September 16, 2008.
With respect to your comment (which I believe to be true) that all bear markets end sometime... the damage done by the literal
collapse of the
investment banks and resulting losses to thousands of citizens will most likely take many, many years to be recovered and if we have a «new bull market» in the near future, most investors will not have enought funds to invest.
The three previous books I reviewed focused almost entirely on the events leading to the
collapse of a specific
investment bank.
Furguson leads us through the earliest forms of money, Europeans» obsession with precious metals, evolution of
banking, land
investments, manipulations, bubbles, and
collapses.
Finance, hedge funds, and
investment banks would have
collapsed.
Looking back, we enjoy the benefit of hindsight... but let's not under - estimate the existential threat to the company at the time: Operating free cash flow was minimal, there was little opportunity to realise assets (except at fire - sale prices) in 2009 - 11, almost EUR 400 million of net losses,
investment write - downs & goodwill impairments were recorded in the five years ending in 2012 (which actually understates a near - 85 %
collapse in net equity), as the
banks kept shrinking their committed facilities & imposing harsher terms (and seriously considering pulling the plug).
In July of 2007, two hedge funds within Bear Stearns, a global
investment bank,
collapsed.
But it was also a decade of
bank and
investment collapses.
This year Dr Pachauri joined the New York
investment fund Pegasus as a «strategic adviser», and was made chairman of the advisory board to the Asian Development
Bank, strongly supportive of CDM trading, whose CEO warned that failure to agree a treaty at Copenhagen would lead to a
collapse of the carbon market.
Also confounding the effort is the
collapse of major financial institutions, such as
investment bank Lehman Brothers, which had a team of brokers specifically dedicated to trading in such carbon markets, which will have an impact as it may limit the number of financial speculators in RGGI.
Yet U.S. reporters and economists still write as though the Great Recession had nothing to do with a global energy shock but was instead a «financial crisis» that began with the
collapse of an
investment bank (Lehman Brothers) on September 15, 2008.
There's former Lehman Brothers CEO Dick Fuld being skewered by Congress following the
collapse of the
investment bank.
A third factor contributing to the
collapse of institutions like Lehman Brothers was securitisation: the practice under which lenders package up mortgage loans and sell them on to
investment banks in the form of mortgage - backed securities — and in the process getting the loans off the lenders» balance sheets.
The student was an intern in the
investment banking division of
Bank of America Merrill Lynch and was reported to have
collapsed and died after working 72 hours almost without a break.
Defended rating agency against claims brought by German
bank based on
collapse of a structured
investment product, in successful motion to dismiss all claims, affirmed on appeal.
But it was also a decade of
bank and
investment collapses.
And the Danish
investment Saxo
Bank has predicted bitcoin to rise to $ 60,000 in 2018, after which the cryptocurrency will
collapse to $ 1,000.
A few days ago, Finland's finance minister, Alexander Stubb, warned that the consequences of a British vote to leave the European Union (EU) would parallel the
collapse of US
investment bank Lehman Brothers, an event that triggered the global financial crisis.