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updated Sun. May 6, 2018

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Global debts are at a new record high of $237 trillion (£192 trillion) - but a surge in economic growth means the risks may have gone unnoticed. This is a rise of $21 trillion compared with 2016, the Institute of International Finance said, with debts rising particularly sharply in China, Argentina, Nigeria and ...
Investors were anticipating a more volatile 2018, but few expected the severity and frequency of the swings seen on Wall Street this year. Markets have not seen moves this wild since the financial crisis, according to LPL Financial's Ryan Detrick. "Last year, 2017, was one of the historically least volatile ...

The 2008 financial crisis put many people out of a job, but some took it as an opportunity to redraw their career path. Ann Shen is an illustrator and author of two books: "Bad Girls Throughout History" and "Legendary Ladies," the latest. She sat down in an interview with Marketplace host Kai Ryssdal to talk ...
The delinquency rate for subprime auto loans has risen to a rate worse than during the financial crisis. Automakers are grappling ... And three of them - Summit Financial Corp, Spring Tree Lending, and Pelican Auto Finance - have now collapsed into bankruptcy or were shut down. Allegations of fraud and ...
The Bloomberg Barclays U.S. Corporate High Yield Bond Index slumped 0.86% in Q1, the weakest performance since Q1 of 2008. It's also the first negative return for a Q1 since 2008. The rough quarter seems more about a general rise in interest rates rather than a crumbling in corporate credit, ...
... under the market's surface. It's referring to a measure called dispersion, which reflects how widely market returns are distributed. Looking at the forward earnings yield for S&P 500 stocks, BAML finds dispersion is the highest since 2009, when the market was just starting to recover from the financial crisis.

The seemingly unending growth of the ETF industry has hit a snag over the past two months, as turmoil in the U.S. stock market—the most popular area that ETFs offer exposure to—pushed investors to reallocate. Exchange-traded funds had negative flows over the month of March, redemptions that were ...
As a large-cap stock with market capitalization of CA$134.90B, The Toronto-Dominion Bank (TSX:TD) is classified as a major bank. As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an increase in market confidence, and understanding of, these ...
Nearly three quarters of older households lost £500 or more on savings income due to post-financial crisis money printing, research has revealed. That is why older people took the biggest economic hit from the Bank of England's efforts to keep money flowing in the UK economy in order to mitigate the ...
A measure of how expensive it is for banks to borrow has increased more than five-fold in just four months. Libor-OIS just surpassed levels last seen in 2011, and is now at its highest point since the financial crisis. Rising Treasury bill issuances and tax reform could be to blame.
Everyone thinks there will be another meltdown. Jamie Dimon, chief executive of JPMorgan Chase & Co., famously described a financial crisis as “something that happens every five to seven years.” He offered that glib assessment in 2010, so we're in overtime according to his clock. “We aren't going to be ...
House prices are falling in almost half of all London postcodes, according to new figures showing the most widespread collapse in property values across the capital since the 2008 financial crisis. The latest signs of distress will stoke concerns that sliding prices are far from confined to the most expensive ...
The prospect of quitting the EU has hurt sentiment in Britain's finance industry for longer than the global financial crisis that plunged economies into recession and destroyed some of the world's biggest banks, a survey found on Monday. The quarterly poll of 81 finance firms by business lobby CBI and ...
Reviewing empirical and theoretical papers in the aftermath of the 2007-09 financial crisis, Thakor cites a twofold finding from his study, which appears in the Journal of Financial Stability. First, he says the so-called trade-off between financial stability and economic growth is “overblown,” meaning we can ...
He is alleged to have conspired with Anglo's former Finance Director Willie McAteer and head of Capital Markets John Bowe, as well as then-CEO of Irish Life and Permanent, Denis Casey, and others. The case centres on a series of interbank loans which circulated between Anglo and ILP in September ...
But if that sounds like a return to the bad old days of the housing bubble — when NINJA (no income, no job or assets) loans and zero-down mortgages fed a borrowing crisis that brought down the US financial system — there are some important differences. This program isn't being offered by a private bank ...
Wharton finance professor Jeremy Siegel, who interviewed Yellen, also pointed out that in the book, The Fabulous Decade: Macroeconomic Lessons ... “Certainly, his not foreseeing the financial crisis, or giving warnings to it, certainly besmirched that notion that he had an all-seeing eye on the economy?”.

In the three decades leading up to the 2008 financial meltdown, Wall Street had successfully pushed a deregulatory agenda. ... Phil Angelides, former California state treasurer, was chairman of the Financial Crisis Inquiry Commission, which conducted the nation's official inquiry into the 2008 financial crisis ...
The three men who helped shepherd the U.S. through the 2008 Great Recession are worried that the country and Congress have not learned the right lessons from the last financial crisis — and may not have the tools to weather the next one. In a joint interview with Marketplace on March 13, former ...
“The law we passed will prevent the problems that caused the crisis from recurring,” said Rep. Barney Frank, now retired, one of Dodd-Frank's sponsors. The trouble, he said is “that you don't know what the new problems are. You know, one of the problems is the financial system innovates and regulations ...
Like a lot of people, I thought we were riding through a short-term problem that might hurt a few firms but would be isolated from the overall economy. Ten years later, it's easy to see how wrong I was. This was a crisis that rolled through the economy, and we are still experiencing its effects. Could I have ...
It has been nine years since the S&P 500 hit its lowest point of the 2008 financial crisis. And if you started buying stocks then, as President Barack Obama suggested at the time, you'd have made a very handsome return. The S&P 500 hit an intraday low of 666.79 on March 6, 2009, and a closing low of ...
Jeff Bezos, hosted an "Ask Me Anything" session on social platform Reddit. When asked by a user if he thinks "in the near future, we will have another financial crisis similar to the one in 2008?" the billionaire philanthropist responded with a blunt yet overall upbeat response. (See also: How Jeff Bezos Got to ...
PHOENIX - With new leadership at the head of the Murphy Elementary School District, the community, teachers, and students are hoping answers will be found to district money problems. The school's superintendent, Jose Diaz, retired last week. The board present, Richard Polanco, resigned. Leaving the ...
It's unclear how the financial and operational problems cited in the audit will influence those funds. ... "It's not just a Claremont problem. ... Hope for New Hampshire is one of several major recovery support providers to recently announce significant financial challenges, or plans to scale back services in the ...
It's been a decade since the financial crisis led to the Great Recession, which cost millions of Americans their jobs, homes, and savings. ... on S. 2155, a bill that would roll back much of this Dodd-Frank law and allow for the return of many of the same lending practices that caused the mortgage meltdown.
The S&P 500 crashed more than 50% during the 2008/2009 Great Financial Crisis. Tuesday, March 6, marks the nine-year anniversary of the S&P 500's post-financial crisis intraday low of 666. The index put in its closing low of 676.63 three days later, on March 9. The sell-off prompted then newly elected President Barack ...
If China waits too long, they risk an uncontrolled panic and a liquidity crisis, which can grow far worse than the initial problem through contagion. ... The result will be a financial meltdown of unprecedented magnitude in China with the potential to go global and cause a market collapse in Europe and the ...
Sheila Bair, who headed the FDIC during the dark days of the 2008 financial crisis, recently discussed current dangers to the financial system in a lengthy interview with Barron's. Bair had warned of a coming subprime mortgage meltdown, a major precursor of the 2008 crisis, when other prominent figures, ...
Real estate CDOs, or mortgages repackaged into bonds, were a big reason for the U.S. financial market's meltdown in 2008. Following the Great Recession, ... And last month TPG Real Estate Finance Trust, another mortgage REIT, followed suit with a $932.4 million issuance. Overall commercial real estate ...
But we didn't fundamentally change the system. Where, then, do you see potential problems that could trigger the next crisis? I'd keep an eye on credit-card debt. Subprime auto has been a problem for a couple years, and valuations on loans used to finance leveraged buyouts are high. Any type of secured ...
The 2008 financial crisis, which began in the United States mortgage market and quickly spread across the globe, was the worst economic downturn since the Great Depression, resulting in 8.7 million jobs being lost in the US and about 250,000 in Australia. Mr Gates said his friend, Berkshire Hathaway ...
Many economists consider the financial crisis of 2008 to be the worst economic downturn since the Great Depression. According to Bill Gates, the US is heading toward another one just like it. On Tuesday, the Microsoft founder held an "Ask Me Anything" event on Reddit. When a user asked, "Do you think in ...
A new paper says the consensus view that the Fed's quantitative easing lowered 10-year Treasury yields by 1 percentage point (100 basis points) was overstated. The paper was presented Friday by Wall Street and academic economists at the U.S. Monetary Policy Forum. The Fed late last year began the ...
The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point and signaled that the central bank is on track to raise rates twice more in 2018. □ The Fed said it would raise its benchmark interest rate to a range of 1.5 percent to 1.75 percent, marking the sixth time since the ...
Forcing different standards on banks and other financial services across the globe could spark the next financial crisis, the vice chairman of a prominent U.S. financial services firm said Friday. While the U.S. is easing rules on banks, Europe has for the last couple of years toughened them. On Thursday, the ...
When John Taylor starts remembering the years leading up to the financial crisis, his fury wells up all over again. ... depressed pockets, CNNMoney is taking a look back at the 10 years following the financial meltdown that stretched around the globe — and signs that something similar might again be on the ...
The productivity of British workers in the second half of 2017 rose at the fastest rate since before the financial crisis, handing a rare boost to the government. Labour productivity, or economic output per hour of work, rose by 0.7% in the three months to December, marking the second consecutive quarter for ...
In 2017, the Federal Reserve judged that all 34 of the financial institutions deemed "systemically important" by Dodd-Frank would be able to keep lending in a crisis similar to 2008's. Dodd-Frank also put greater restrictions on trading derivatives such as credit default swaps, which were virtually unregulated ...
What anniversary, you might ask? Well, it was nine years ago today that the S&P 500 hit an intraday low of 666.79, which marked the bottom of the global financial crisis bear, even if the closing low didn't happen for a few more days. Since then, the S&P 500 has rallied. It hasn't always been easy.
The 2010 financial reform law, commonly known as Dodd-Frank, imposed a range of new regulations on financial institutions, including increased capital requirements that force banks to hold more capital relative to their assets. Dodd-Frank also subjected banks with more than $50 billion in consolidated ...
In a statement Monday, Financial Crisis Inquiry Commission chair Phil Angelides cited the leverage changes as among the biggest problems with the bill, ... The need for enhanced capital at major financial institutions has been one of the areas of broadest consensus emanating from the 2008 meltdown.”.
The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one. During a Reddit "Ask Me Anything" last week, when Gates ...
Anne Richards, the chief executive of M&G Investments, said part of the problem ahead of the financial crisis was that key decisions were made by ... of the inquiry into women in finance, launched last October to try to identify the barriers to women entering and progressing in the financial services industry.
The Federal Reserve performs regular stress tests to ensure that banks have enough capital to weather defaults. The problem is, the requirements have weighed most heavily on traditional, deposit-taking banks. The added hand-holding required in mortgage servicing, for example, has roughly quadrupled ...
Oxnard's latest audit, which details the city's finances in the 2016-17 fiscal year, can be described by a word that hasn't been used in a couple of years: unmodified. An unmodified audit, also referred to as a clean audit, has been elusive in previous years due to poor record keeping. Two years ago ...
Anne Richards, the chief executive of M&G Investments, said part of the problem ahead of the financial crisis was that key decisions were made by ... of the inquiry into women in finance, launched last October to try to identify the barriers to women entering and progressing in the financial services industry.
We all like to know that, if there's ever a problem, the people handling a crisis are experienced. Pilots, doctors, kindergarten teachers all have something in common: the best ones have done a lot of tough stuff and have the scars to prove it. Yet the world of finance is a bit different. According to a recent ...
The country's entire banking sector has been put under close scrutiny over allegations it is being used as a conduit for illicit financial activities. US Treasury officials have issued a statement linking some of the alleged activities to North Korea's ballistic missiles program. The allegations hurt the reputation of ...
BITCOIN NEWS: US giant says cryptocurrencies won't spark financial meltdown. .... The report, 'Cryptocurrencies Won't Disrupt Financial Markets For Now', found a collapse in the cryptocurrency market would not affect the credit-worthiness of rated financial institutions or disturb the banking sector's ...


 

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