Sentences with phrase «years before the financial crisis»

Though last year's contribution — made from revenue on its portfolio of bond holdings — declined from 2016, it was well above the average in years before the financial crisis.

In the years before the financial crisis, many people cashed in their home equity lines of credit to buy speculative real estate investments.

During the 15 years before the financial crisis, the pace of single - family starts had never fallen below 1 million units per year.

Conduits issued $ 244 billion in 2007, the last year before the financial crisis hit the CMBS market, according to data provided by Jamie Woodwell, vice president in the research and economics group at the Mortgage Bankers Association (MBA).

What is happening with home equity lines of credit illustrates how the mortgage bubble that formed in the years before the financial crisis is still hurting banks, even seven years after it burst.

Prior to the downgrade of the country's AAA credit rating, the Justice Department launched an investigation into Standard & Poor's rating of mortgage securities in the years before the financial crisis, with indications that calls by analysts to downgrade the bonds were overruled by business managers.

Not exact matches

In the depths of the financial crisis in 2011, Brian Moynihan — who'd been the unexpected pick for CEO a year before — predicted that Bank of America would soon be earning well over $ 20 billion a year.

Real estate site Trulia said more than six percent of last year's home sales were flips — the most since before the financial crisis.

Sales had been sliding for several years before plunging off a precipice as the financial crisis deepened into a global recession in 2009.

Virgin America, which took to the skies in 2007 just before the financial crisis, earned $ 10.2 million on revenue of $ 1.42 billion in 2013, its first ever profitable year.

During the 2008 financial crisis, my book of business dropped to where it had been five years before.

Personal consumption rose 4.2 % in the second quarter of the year, the best reading since the fourth quarter of 2014 and near the best level we've seen since before the financial crisis.

According to the UN Conference on Trade and Development, global foreign direct investment flows recovered last year to US$ 1.5 trillion, higher than before the financial crisis.

OTTAWA — Canada's labour market posted its ninth - straight month of job gains in August to give the economy its longest monthly growth streak since before the financial crisis nine years ago.

As Paul Krugman points out Reifschneider, working with John Williams and using the same FRBUS model, concluded that the ZLB was only a very small issue less than a decade before the financial crisis led to an 8 year stretch of zero rates.

It was only a few years later, while I was reading Charles Kindleberger's A Financial History of Western Europe that I learned that the 1873 crisis actually «began» with a stock market crash in Vienna in May, four months before the New York markets fell, which spread to Germany, England and other countries, and the subsequent depression was perhaps the first «global» panic and depression in history.

The financial crisis of 1997 - 98 in Southeast Asia and South Korea, destroyed some of the wealth created in the booming years before and further undermined Canadian commercial interest in the region.

Speaking at the Bloomberg Invest New York summit last week, the 73 - year - old Gross said markets are now at their highest risk levels since before the 2008 financial crisis.

Meanwhile, bid - ask spreads in major corporate bond markets have narrowed sharply in recent years, but remain somewhat wider than the levels observed immediately before the global financial crisis (Graph 2, right - hand panel).

While no one is expecting a new peak in trading like the ones that occurred in 2009 and shortly before the financial crisis, the trading desks of the biggest U.S. banks are expected report revenue as much as 5 % higher than a year ago, say analysts at Credit Suisse.

Italy's political class has struggled to deal with the underlying causes of the country's malaise, including a loss of international competitiveness and the stagnant productivity of its business sector that began well before the European financial crisis of recent years.

Like many carriers, both China Eastern and Shanghai Airlines reported losses last year and were already facing troubles before the worst repercussions of the global financial crisis hit China's economy.

Crude oil prices have been more volatile this year than at any time since the financial crisis of 2008/09 and before that 1991, according to standard measures of price variability.

I had a stable job before that, for 3 years, until the financial crisis and merger closed by department.

Labour ran a structural deficit some seven years before the banking crisis in 2007 - 08, and we entered the financial crisis with the largest structural deficit in the G7.

«Vince Cable said that the help - to - buy scheme unveiled in the Budget earlier this year could simply «inflate» the housing market as occurred in the last decade... The # 130 billion scheme has been heralded as a flagship measure... However, some economists and business leaders have voiced warnings about the scheme and Mr Cable — who previously warned about the dangerous levels of debt before the financial crisis - has now indicated he shares their concerns.

Hein, who has dubbed the situation the «Cahill crisis» because State Assemblyman Kevin Cahill (D, Kingston) blocked the approval before lawmakers went home this summer, said as a result of the potential loss of $ 5 million at the end of the year, he is preparing for all financial contingencies as he works up the county's 2014 budget.

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.

In all, we found that the rate of forest loss from gold mining accelerated from 5,350 acres (2,166 hectares) per year before 2008 to15, 180 acres (6,145 hectares) each year after the 2008 global financial crisis that rocketed gold prices.»

The usage of leverage has been steadily increased within the financial sector within the years before the global financial economic crisis and has created extreme vulnerabilities and dependencies that have increased the severity of the crisis.

Wal - Mart stock (WMT), which had traded at $ 63 before the 2008 - 2009 financial crisis, was still trading in that range five years thereafter when the stock was at $ 67 in 2013, before investors pushed it towards $ 110 (a valuation of 24x trailing earnings!)

No matter what happens the rest of the year regarding monetary policy, we have already witnessed something this year that had not happened since before the financial crisis: increases in the Fed Funds rate in consecutive quarters.

Two days before Christmas in that same year, WTI spot was $ 30.28, a decline of more than 79 % in less than six months as the financial crisis deepened.

Think of the years before the crisis, when the financial sector swelled.

It appears to me that financial results of his companies are very lumpy; the past four years have been nothing to write home about but before the financial crisis they look pretty good to me (see at seeking alpha 8/30/11).

More interesting perhaps, is that the share price has followed a pattern of alternating lower lows and lower highs every two or three years; the share price rose after 2003 to a high of $ 35 only to fall back to the $ 14 range in 2006, then made another high in 2007 close to $ 35 before falling again to $ 6.70 during the 1st quarter of 2009, the equity nadir of the financial crisis, before once again rising to $ 24 last year.

Anyone who has shopped for a mortgage in the past five years or so has probably discovered it's much more difficult to get a loan now than it was before the financial crisis.

Although private student loans were much more common before the financial crisis at the end of the last decade, they have been continually rising over the past six or seven years.

The homeownership rate for young people peaked before the financial crisis and by the first quarter of this year was down more than 15 percent.

A dramatic increase in market mimicry occurred during the whole year before each market crash of the past 25 years, including the recent financial crisis.

Ten years after the financial crisis, mortgage companies and regional / local banks are still getting hit with new breach of contract and indemnification claims related to loans sold before the crisis.

The June employment report showed significantly fewer hires compared to the first quarter monthly average, and ongoing concern regarding the European debt crisis and domestic financial markets may suppress a meaningful increase in private payrolls before the end of the year.

It focuses on how a few quirky characters spotted a crisis in the making years before the 2007 - 09 financial collapse led to huge layoffs, home foreclosures and government bailouts.