From the Medici Bank in the 1400s to BCCI (1991), Barings Bank (1992), and Lehman Brothers (2008), these shocking failures have had profound impacts on economies, societies, and the global financial system.
Fragile markets lead to exaggerated reactions to events such as the new UK government shooting itself in the fiscal foot and Credit Suisse’s financial vulnerability
Policy makers must heed the lessons from their failure to bail out Lehman Brothers in 2008 and be mindful of the risks of too much monetary tightening
With energy suppliers piling up losses by being forced to cover volumes at high prices, there risks a spillover effect for local utilities and their customers, including consumers and businesses, Economy Minister Robert Habeck said Thursday after raising the country’s gas risk level to the second-highest “alarm” phase.
WeWork, Lehman Brothers and EY’s planned split all show how we undervalue naysayers to our peril.
Unlikely, say experts. For one, India is very conservative on the total margin exposure. Also, the world has learnt a lot from the Lehman Brothers crisis, and it is unlikely to happen all over again.
If you think that the present global selloff, which has put the Indian market in a bearish phase, is the worst, don’t forget the 2008 financial meltdown.
Eleven years after the Lehman collapse, India has less ammunition to stimulate its economy but India’s balance-sheet still appears better than it was during the 2013 mini-crisis.
On September 29, 2008, the US stock market lost $1.2 trillion in value as the Dow dropped 778 points, nearly 7 percent in one single day.
There were warning signs as early as 2004, but financial regulators were found wanting when Lehman Brothers suddenly went bust.
What lessons have we learnt from that crisis which finished off a prominent financial organisation and wiped off $10 trillion from the markets in a matter of months?
Crises are cathartic events that release built-up pressure and provide policymakers an opportunity to drive radical reform. It may still be too early to assess if the opportunities were adequately availed.
The two affiliates, Lehman Brothers UK Holdings (Delaware) Inc and Lehman Pass-Through Securities Inc, were put into bankruptcy as part of a deal that will generate $485 million cash for the Lehman estate.
JP Morgan IT analyst Viju George told CNBC-TV18 that the there is some value in select IT stocks and sees huge value in company's like Infosys and Tech Mahindra.
"While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority - that Europe's banks are resilient to another crisis - is heartening," Anthony Kruizinga at PwC said.
The 66-year-old former governor admits to being a "greenhorn" as he started his five years stint at RBI during what were turbulent times both in India and around the world.
Bargain hunting trumped still widespread uncertainty over Britain's vote to leave the European Union, as the bloc's leaders, including soon-to-be-ex UK Prime Minister David Cameron, held their first post-vote meeting in Brussels.
Abe presented data at a Thursday session of the G7 summit he is hosting, showing that commodities prices have fallen 55 percent suince 2014, the same margin they fell during the global financial crisis, the newspaper said, interpreting this as "warning of the re-emergence of a Lehman-scale crisis".
In pursuance to the directions of the Supreme Court, the Finance Ministry will soon set up a panel to look into the issue of mounting bad loans and come out with the steps to deal with the problem.
The Fed adopted the rules after the 2010 Dodd-Frank financial reform law required the central bank to curtail emergency loans to individual companies and to insolvent companies. The final regulations define insolvent companies as those that had failed to pay "undisputed debts" in the previous 90 days
With the Fed considering a rate hike that would be the first in nine years, he said it's not evident that monetary policy is too easy because inflation is so low and full employment is only starting to emerge.
The survey of 80 economists based in North America and Europe was taken over the last 24 hours as each panelist was asked to reconfirm if they still held the same position, while a few who couldn't be reached last week were also polled.
The Nobel economics laureate told the Financial Times that his valuation confidence indices, based on investor surveys, showed greater fear that the market was overvalued than at any time since the peak of the dotcom bubble in 2000.
Once the bottom is reached, the Sensex will start its upward momentum soon enough. Investors should sit tight, and start investing through systematic investment plans.
It will help customers raise the eligible amount by up to 20 percent and increase the tenure by up to seven years, MD and CEO Chanda Kochhar told reporters here. ICICI Bank Extraa Home Loans can be availed only after paying a one-time mortgage guarantee fee to be paid at the start.