Author : Federal Deposit Insurance Corporation
Publisher :
Page : pages
File Size : 40,18 MB
Release : 2018-03-06
Category :
ISBN : 9780966180817
Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.
Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 37,14 MB
Release : 2011-05-01
Category : Political Science
ISBN : 1616405414
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Author :
Publisher :
Page : 204 pages
File Size : 44,76 MB
Release : 1990
Category : Bank failures
ISBN :
Author : Mr. Tobias Adrian
Publisher : International Monetary Fund
Page : 22 pages
File Size : 26,5 MB
Release : 2024-03-05
Category : Business & Economics
ISBN :
In March 2023, the US banking sector turmoil sent a shockwave through the global financial system. Silicon Valley Bank (SVB), the 16th largest bank in the country, collapsed in a matter of days, followed by Signature Bank (SBNY) and First Republic Bank (FRB), marking the largest bank failures after Washington Mutual Bank in 2008. Triggered by sizable deposit outflows, this event raised concerns about the soundness of the rest of the US banking sector, in particular, other banks of similar or smaller size with large amounts of uninsured deposits, unrealized losses, and commercial real estate exposures. The March turmoil is a powerful reminder of the challenges posed by the interaction between tighter monetary and financial conditions and the buildup in vulnerabilities—challenges amplified by ineffective interest, liquidity, and credit risk management practices at some banks. This note offers an analysis of the main attributes of the affected banks to assess the extent to which vulnerabilities persist in a weak tail of banks . Furthermore, the note provides a prospective assessment by evaluating the medium-term risks to financial stability posed by this weak tail.
Author : Douglas Darrell Evanoff
Publisher : World Scientific
Page : 404 pages
File Size : 24,32 MB
Release : 2009
Category : Business & Economics
ISBN : 981428047X
Since the summer of 2007, credit markets in almost all industrial countries have been in substantial turmoil and this has become the focus of intense policy debates. The papers in this volume are contributed by the world's leading financial experts and constitute a thorough examination of the first credit market turmoil of the 21st Century. They provide an overview of the main causes, transmission mechanisms and economic implications of what by now has become a major systemic financial crisis. They assess the most important policy considerations and conclude about how to stabilize financial systems, attenuate repercussions on the real economy and shape future regulatory structures. The analyses, conclusions, and recommendations can be expected to influence both public and private policies to mitigate, if not prevent, such crises in the future.
Author : Lawrence H. White
Publisher : NYU Press
Page : 186 pages
File Size : 15,3 MB
Release : 1993-07-01
Category : Business & Economics
ISBN : 0814794971
The U.S. banking system, its regulation and deregulation, and especially its deposit guarantees, continue to pose complex problems. The Crisis in American Banking offers six original perspectives on this continuing crisis, drawing from modern Austrian economics and from public choice theories that have seldom been applied to contemporary banking troubles. The contributors suggest that political regulation has seriously impaired the health of the banking industry. The authors consider long-term prospects for reform in the banking industry in light of the regulatory environment Much in the news lately, the U.S. banking system, its regulation and deregulation, and its troubles, pose a persistent and complex problem for Americans. This timely volume offers six original perspectives keyed to the continuing crisis in the U.S. banking industry. Several authors draw from modern Austrian economics or from public choice theory ideas that have seldom been applied to explaining contemporary banking problems. A pervasive theme of the ideas presented is that the U.S. banking crisis is fundamentally linked to the political regulation of banking. Taken as a whole, the book suggests that government regulatory, macroeconomic, and fiscal policies have seriously impaired the health of the banking industry. The Crisis in American Banking compellingly explains how rent-seeking, ideology, and the historical accretion of regulations have given banking policy its current unfortunate form. Also considered are the long term prospects for reform of banking regulation, and for the banking industry itself in light of the current and foreseeable regulatory environment. At present, the state of the U.S. commercial banking industry and the FDIC suggests disturbing parallels to the state of the savings and loan industry and the FSLIC a decade earlier. The policy regime that allowed their problems to develop does not seem to be on the verge of any dramatic change. The reluctance of Congress to enact real reforms means that the critical analyses and reform proposals in this volume will remain relevant for some time to come.Contributing to the volume are: Gerald P. Driscoll, Jr. (Vice President and Economic Advisor, Federal Reserve Bank of Dallas), Roger W. Garrison (Auburn University), Thomas Havrilesky (Duke University), George G. Kaufman (Loyola University of Chicago), Richard M. Salsman (Vice President, Financial Institutions Group of Citibank), and Walker Todd (Gulliver Foundation, San Francisco).
Author : Matthias Haentjens
Publisher : Edward Elgar Publishing
Page : 640 pages
File Size : 27,10 MB
Release : 2015-10-30
Category : Business & Economics
ISBN : 1783474238
In this timely Handbook, over 30 prominent academics, practitioners and regulators from across the globe provide in-depth insights into an area of law that the recent global financial crisis has placed in the spotlight: bank insolvency law. Research Handbook on Crisis Management in the Banking Sector discusses the rules that govern a bank insolvency from the perspectives of the various parties that are affected by these rules. Thus, whilst many bank insolvency rules have been enacted only recently and their application is still clouded by a host of uncertainties, this book takes the perspectives of the relevant authorities, of the bank and of the bank’s counterparties. Providing a comprehensive approach to crisis management in the banking sector, this Handbook will prove a valuable resource for academics, postgraduate students, practitioners and international policymakers.
Author :
Publisher :
Page : 248 pages
File Size : 40,24 MB
Release : 1998
Category : Bank failures
ISBN :
Deals with the result of a study conducted by the FDIC on banking crisis of the 1980s and early 1990s. Examines the evolution of the processes used by FDIC and RTC to resolve banking problems, protect depositors and dispose of the assets of the failed institutions.
Author : Matthew Hollow
Publisher : Edward Elgar Publishing
Page : 356 pages
File Size : 44,95 MB
Release : 2016-01-29
Category : Business & Economics
ISBN : 1783471336
What are the long-term causes and consequences of the global financial crisis of 2007–2008? This book offers a fresh perspective on these issues by bringing together a range of academics from law, history, economics and business to look in more depth at the changing relationships between crises and complexity in the US and UK financial markets. The contributors are motivated by three main questions: • Is the present financial system more complex than in the past and, if so, why? • To what extent, and in what ways, does the worldwide financial crisis of 2007–2008 differ from past financial crises? • How can governments, regulators and businesses better manage and deal with increased levels of complexity both in the present and in the future? Students and scholars of finance, economics, history, financial law, banking and international business will find this book to be of interest. It will also be of use to regulators and policymakers involved in the US and UK banking sectors.
Author : Jonathan Ledwidge
Publisher : iUniverse
Page : 340 pages
File Size : 39,22 MB
Release : 2012-02-11
Category : Business & Economics
ISBN : 9781469700731
The financial crisis shows that the banking industry requires a transformation, as its business model and practices are no longer sustainable. Even so, such transformation cannot be made without Clearing the Bull—moving beyond old and tired orthodoxies in order to properly diagnose the problem. Drawing on more than twenty years of experience in banking, author Jonathan Ledwidge shows how the financial crisis exposed the industry’s poor system of values, leaving it mired in conflict with its human environment. Specifically, this includes how poor leadership, virtually unmanageable organizations, dysfunctional suppliers, infuriated customers, alienated employees, and dissatisfied communities all arise from the inability of banks to understand that values are more important than valuations. As a result there is now a total disconnect between banks and their human environment. That disconnect cannot be fully addressed by conventional solutions involving more regulations, more governance, and more controls. Banks have a very human problem, and thus by definition what they require is a human transformation. Clearing the Bull provides both a clear diagnosis as well as a detailed and comprehensive roadmap for the banking industry’s human transformation—and while doing so it remains totally engaging and accessible to bankers and non-bankers alike.
