Sentences with phrase «of bank collapse»

But one thing could be taken as a lesson, not from the ruling but from action taken in Iceland in October 2008: make deposits priority claims in case of a bank collapse.

What if investors panic, sell their 401k mutual funds, pull money out of the market, and the price of your bank collapses to, say, 8x earnings?

Therefore in the wake of banks collapsing under the Akufo - Addo government, he said it was reckless that the government would literally borrow dry the two public banks just to fulfill ambitious campaign promises.

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.

How would I have felt watching from a distance as an independent Scotland had to deal with the fallout of a banking collapse?

This is an independent fund set up by government and regulated by the FCA, which promises that, in the event of a bank collapsing, you get some of your money back, though it's likely you'll lose access to the cash while compensation is being dished out.

If, in the unlikely event of your bank collapsing, you want to get money out straight away, the chances have now improved.

Not exact matches

Local forestry veteran Tony Jack has accused receiver McGrathNicol of using his bid for the collapsed Great Southern timber schemes to find a better deal for the bank creditors at the expense of out - of - pocket investors.

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.

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

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 %.

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.

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 collapse of the sub-prime mortgage market had crippled National City Corp., one of America's 10 largest banks, with 1,400 branches spread out across the U.S. Midwest.

The decline of community banks and the collapse of the market for home - equity loans may have made it harder for would - be entrepreneurs to get access to capital.

And it will take many more sell - offs and the collapse of many more iffy stocks before this over-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market, and this can take many painful years.

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.

It'll take many more sell - offs and the collapse of many more iffy stocks before this hyper - enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market.

Still, most analysts don't believe that the greatest fears — a currency collapse, a major sovereign default, a banking meltdown or the dissolution of the eurozone monetary bloc — will come to pass.

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.

The last time this happened, Greece was undergoing an economic collapse and citizens were shut out of accessing their bank accounts, leading many bitcoin companies toattempt to harness the opportunity to drive Greeks to digital currency.

The 8 - story building that collapsed housed a number of garment factories, a shopping mall, and a bank.

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

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

The ECB stopped payments by one of Latvia's largest banks on Monday, after its liquidity position collapsed following allegations from U.S. authorities.

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.

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.

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.

Since the financial crisis (and arguably well before that), the central banks of developed countries have used draconian monetary measures as a means of staving off financial and economic collapse.

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.

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.

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.

To the contrary, the Lehman Brothers bankruptcy and the collapse of the shadow banking system exposed the economy to a severe credit shock.

But the crisis remains acute, with the country's banks already closed for more than a week to avoid a massive outflow of money that could lead to their collapse.

A new study by researchers at the Federal Reserve Bank of New York suggests that bondholders still don't believe the government would ever let the firms collapse into bankruptcy — after a decade of efforts by regulators to convince them otherwise.

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.

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

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.

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.

About 75 % of Iceland's voters turned out on Saturday to reject the Social Democratic - Green government's proposal to pay $ 5.2 billion to the British and Dutch bank insurance agencies for the Landsbanki - Icesave collapse.

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

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.

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.