Ten years after the foreclosure crisis began, the pain grinds on locally in low - income areas and communities of color,
while big financial institutions are riding high with billions of dollars in profits amid record stock - market peaks.
Not exact matches
While all stocks were beaten down after the recession, it was
financial institutions that took some of the
biggest hits.
A long - awaited U.S. report on resolving
big financial institutions recommends beefing up the bankruptcy code
while keeping the door open to government intervention in emergencies.
His transition website, meanwhile, states: «The
big banks got
bigger while community
financial institutions have disappeared at a rate of one per day.»
While there is a certain degree of comfort in doing this, in today's tough
financial market, the
big name
institutions are not lending.
In talking about his move into
financials in 1Q 2009 he said the trade was «easy», the premise being that the market was pricing the money center banks for potential government takeover
while the government was saying that the banks were integral to the
financial framework of the country (too
big to fail) and that they would be purchasing equity in these
institutions as above - market prices.
Adopting such a resolution regime, together with tougher oversight of large, complex
financial firms, would make clear that no
institution is «too
big to fail» —
while ensuring that the costs of failure are borne by owners, managers, creditors and the
financial services industry, not by taxpayers.
While a traditional approach would target the
bigger banks, smaller
financial institutions could be subject to a series of warning shots in the form of audits, investigations and sanctions, should the regulator suspect they are failing to comply with MLD4.
Unwarranted, the Reserve Bank of India (RBI), commercial banks have been crushing the crypto trading
while country's
biggest financial institutions, like Citibank, ICICI Bank, HDFC Bank, Kotak Mahindra Bank, and the SBI, have already suspended trading accounts of bitcoin exchanges.
Regulators are scrambling to catch up with the explosive growth of fintechs and non-bank
financial institutions,
while also grappling with the
bigger question of whether more oversight is needed to create a more level playing field.