Financial crisis of 2007–2008

Developments over the past week have felt eerily familiar for those of us who followed the global financial crisis in 2008. Analysts argued in early 2008 that Bear Stearns' problems were a result of poor management and a failure to hedge risk. The spread of instability to a European bank (Commerzbank) was considered to be limited. Sound familiar?

U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

Credit Suisse said yesterday it would pay $495 million as part of a deal reached with U.S. prosecutors in a long-running dispute over mortgage-backed securities, settling one of the last legal cases dating back to the 2008 financial crisis.    

Ljubljana – Prices of commercial properties – offices and retail spaces – increased by 1.1% in the second quarter of 2021 compared to the first quarter, the Statistics Office (SURS) said on Tuesday.

Measures designed to contain the coronavirus pandemic are also the most effective way to safeguard the world's economies as the coronavirus will continue to batter international markets until a vaccination is discovered, Berkeley University economics professor Maurice Obstfeld tells Kathimerini.

We are living in an historic era.

The world is experiencing the greatest crisis since WWII.

The total freezing of the global economy and social life is a phenomenon that is historically unique.

The projections of analysts, economists, and international organisations point to an horrific landscape the day after the pandemic.

The COVID-19 pandemic will dramatically increase global unemployment. Approximately 25 million people to lose their jobs, the United Nations said.

"The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million", says a new study by the International Labor Organization.

For the first time in the last seven years, the wealth of the richest people around the world declined in 2018, a report by the Capgemini consulting firm, quoted by DPA, reported.

The millionaires have also diminished. This is the first time since the financial crisis in 2008.

Greece's bailout creditors say the country has fallen behind on several key reforms that have been set as a condition for debt relief.

Greek banks are set to suffer extra pressure in the coming days, including on their stock prices, after the European Central Bank issued strict guidelines for the reduction of their nonperforming exposures portfolios or their coverage with provisions.