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The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain [1] [2] or the Great Spanish Depression, began in 2008 during the world 2007–2008 financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply ...
Beginning of October. The policy response to the subprime crisis started in earnest after Lehman's failure in mid September 2008, accelerated after February 2009, and had become very large by September 2009. Governments have relied on a portfolio of intervention tools, but the biggest commitments and outlays have been in the form of debt and ...
Glass–Steagall Section 16 prohibits banks from being a "market maker" or otherwise "dealing" in non-government (i.e., "bank-ineligible") securities. [24] Glass–Steagall Section 16 permits a bank to purchase and sell (i.e., permits "trading") for a bank's own account non-government securities that the OCC approves as "investment securities ...
Panic of 1884. A newspaper illustration from Harper's Weekly, depicting the scene on Wall Street on the morning of May 14, 1884. The Panic of 1884 was an economic panic during the Depression of 1882–1885. [1] It was unusual in that it struck at the end rather than the beginning of the recession. The panic created a credit shortage that led to ...
Status. Ongoing. The Cooper Union financial crisis and tuition protests constitute the events surrounding Cooper Union's announcement that they would begin charging tuition after being a tuition-free school for most of its history. The possible mismanagement of the school's finances and the subsequent reactions of students, faculty, alumni and ...
George Soros HonFBA (born György Schwartz on August 12, 1930) is a Hungarian-American billionaire hedge fund manager and philanthropist. As of October 2023, he had a net worth of US$6.7 billion, having donated more than $32 billion to the Open Society Foundations, of which $15 billion has already been distributed, representing 64% of his original fortune.
Developing global financial crisis. Beginning with bankruptcy of Lehman Brothers at midnight Monday, September 15, 2008, the financial crisis entered an acute phase marked by failures of prominent American and European banks and efforts by the American and European governments to rescue distressed financial institutions, in the United States by ...
Dot-com bubble (2000–2002) (US) Turkish economic crisis (2001) September 11 attacks (2001) Uruguay banking crisis (2002) Venezuelan general strike of 2002–03. Finance company collapses, 2006–2012 (New Zealand) 2007–2008 financial crisis. Great Recession (worldwide) 2000s energy crisis (2003–2009) oil price bubble.