Skip to main content

Home/ Finance-Banking-and-the-Shadow-Banking-System-Resources/ Contents contributed and discussions participated by stefan ayache

Contents contributed and discussions participated by stefan ayache

Kevin Mao

Key Facts - 10 views

  • stefan ayache
     
    Lehman Brothers-Investment bank that went under, led to the meltdown that was the 2008 financial crisis
    Bank of America-American Bank involved in many high profile banking stories
    Financial Crisis- started towards the end of 2008 with the crash of Lehman Brothers, brought the financial system to its knees. This was due to problems in the credit markets, after many homeowners with subprime mortgages started defaulting on their mortgages and getting foreclosed upon, losing their homes
    Housing bubble- housing prices going above their value, ends with a sudden huge drop in housing prices
  • stefan ayache
     
    bear stearns- American investment bank which went under during the financial crisis
  • stefan ayache
     
    Euro crisis- European governments have been taking on more debt than they are able to repay, has led to massive financial instability in Europe and devaluation of the Euro
    Goldman Sachs- American Investment bank, still around after the crisis, are now quite profitable, have no souls
    Merrill Lynch- American Investment bank which shut down during the crisis
    JPMorgan- American bank, was the only bank to remain profitable during the crisis
1 - 1 of 1
Showing 20 items per page