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The blunders that led to the banking crisis

The blunders that led to the banking crisis

作者:宰父讪  时间:2019-03-02 06:10:06  人气:

By Rob Jameson WHAT’S the quickest way to kill a bank? As recent events in the financial world have shown, the answer is to deny them access to ready cash. Over the past year, a string of banking institutions have found themselves in such a “liquidity crisis”: unable to convince the market they can honour their promises to pay back money they owe. The result has been a series of high-profile failures, from Northern Rock in the UK last year to Lehman Brothers last week. The crisis did not come without warning. Ten years ago this month,