| 单词 | credit crunch |
| 例句 | Farmersgirl serves up a lovely, and very cost-effective credit crunch carrot and tomato soup. 20 recipe ideas for leftover carrots 2014-07-15T04:00:00Z The song Hood Robbin' has Cube as a victim of foreclosure heading down to the local bank with a shotgun, meting out bloody vengeance on the architects of the credit crunch. What is the most offensive album of all time? 2010-10-21T22:00:00Z Look at what's happening in the world: the credit crunch; our young people getting maimed in a war that nobody knows how to resolve. Portrail of the artist: Billy Bragg, musician 2011-01-10T22:31:01Z The show mentions the “credit crunch” as an acknowledgment of a changed economy, but in the same old spirit of political incorrectness. Television Review: ?Absolutely Fabulous? 20th Anniversary Specials - Review 2012-01-05T22:43:52Z “With the credit crunch, each month became more difficult.” Special Report: Watches: After Its Meteoric Rise, BNB Winds Down Just as Quickly 2010-03-17T20:30:00Z "There will be some who will see these not just as works of art, but a chance to buy a memento mori of the credit crunch." Will tough times trigger corporate art selloff? 2010-08-25T18:46:00Z But with the credit crunch, more places than ever are eager to take the film companies' dollar. Life intimidating art 2010-03-20T00:07:00Z After the credit crunch hit the project was significantly downsized and Gehry was fired by Ratner; the only portion going forward is an arena designed by a young New York firm called SHoP. No shortage of architectural head-scratchers 2010-12-20T17:57:04Z But this time around there was nothing in the background - no strike or credit crunch for the writers to really get their teeth into. In-jokes 2010-03-08T06:14:00Z The new game, set in a fictionalized Los Angeles called Los Santos, tackles the aftermath of the credit crunch and the housing crisis for three criminals, each of whom is playable. Q. and A.: Rockstar’s Dan Houser on Grand Theft Auto V 2012-11-10T01:05:01Z Developers planned to tear it down for redevelopment, but plans stalled after the 2008 credit crunch. Neighbors bid to save 'Oliver Twist' workhouse 2011-02-24T17:56:09Z Davies's economy with a storyline, so effectively deployed in adaptations such as Bleak House, appeared to have hit a credit crunch – the crunch being that some lines were particularly hard to credit. Rewind TV: South Riding; The Model Agency; Friday Night Dinner; Silk 2011-02-27T00:05:40Z Well, nominally anyway: in fact, comics Matt Crosby, Tom Parry and Ben Clark use the credit crunch as little more than a jumping-off point for their usual overstuffed ragbag of imaginative, larger-than-life sketch comedy. This week's new comedy 2011-03-26T00:05:43Z When Marathon became Snickers, blue became yellow and words suddenly looked as flimsy as capital in the credit crunch. David Mitchell: I'm glad the asbo is going, but most rebranding is just a distraction 2011-02-13T00:05:37Z But as the credit crunch hit, with London at its heart, it became clear that few writers had engaged successfully with the financial and economic stories that filled the front pages of our newspapers. The way we live now? Follow the money back to Anthony Trollope? 2012-02-12T00:06:17Z A wall text invites visitors to clip articles from the newspapers related to the themes “credit crunch, “extinction” and “the way we live now” and tack them onto a bulletin board. Art Review: If It?s About Atrocity, Does That Make It Good? 2011-06-16T20:47:42Z He filed for bankruptcy, a result of the credit crunch at the time, and in May 2012 sent a letter to the fashion industry at large, detailing the circumstances in candid terms. A Hat Designer for Rock Stars Turns to Opera 2017-03-22T04:00:00Z And also, one good thing about the credit crunch is that all those "quick, buy lots of property and sell it on" shows died as well. Watch television with Riz Ahmed 2012-06-22T23:05:00Z Photograph: Jim Wileman My mum is concerned about me wanting to be an animator – what with the credit crunch, she wants me to get a more secure job. Interviews with 18-year-old boys 2010-08-14T23:05:00Z These were momentous hours, as the "credit crunch" swiftly became the "global financial crisis". A global tongue 2010-05-08T23:05:00Z We might now be taking stock, post credit crunch, of our losses and gains since the 1986 deregulation of the City, but it is doubtful that we will ever undo her legacy. Margaret Thatcher: we disliked her and we loved it 2013-04-09T05:00:00Z We are really being attentive to the investment, especially with the credit crunch in Italy. Vionnet and Valentino Offer New Shopping in Milan 2012-02-23T19:41:41Z Back then, the family's financial and emotional collapse seemed the inevitable outcome of Thatcherite pocket-lining; now, the Strattons's tactless spending seems emblematic of the credit crunch. Time of My Life – review 2013-07-01T17:03:28Z Only the credit crunch enabled the Strelka's founders to lease their site. Moscow's architectural heritage is crumbling under capitalism 2010-08-10T13:50:00Z That contrasts with Japan, where slumping property prices left banks nationwide with a huge pile of bad loans, causing a broad-based credit crunch that prolonged the economic downturn. Analysis: IMF warning on China puts 'Japanization' risk in spotlight 2023-10-13T04:00:00Z “In this scenario, higher yields crowd out the private sector and trigger a credit crunch and a recession.” Analysis: Bond vigilantes circle battered US Treasury market 2023-10-05T04:00:00Z But bank failures in the spring threatened broader stress in the industry and a worse-than-anticipated credit crunch. Explainer: Charting the Fed's data flow 2023-09-29T04:00:00Z Stopping too late could put a credit crunch and a deep recession on the cards. Big central banks hike again with end in sight 2023-07-27T04:00:00Z South Korean financial authorities coordinated with financial groups to set up a liquidity programme last November when a missed bond payment by theme park developer Gangwon-Jungdo Development sparked worries about a credit crunch. Exclusive: South Korea asks banks to prepare $4 bln to support credit union - sources 2023-07-10T04:00:00Z Referring to the financial crash of 2008, he said: "This is nothing like the credit crunch." Banks summoned on mortgages after interest rate shock 2023-06-22T04:00:00Z But they also warned, in a research note, that further Fed hikes could renew banking sector stress and spark a credit crunch, particularly harming the small businesses that contribute about 50% of U.S. employment. Marketmind: Stocks fight the Fed as markets still not listening 2023-06-16T04:00:00Z Europe’s smaller companies have seen relative valuations sink as concerns about an economic slowdown have favoured defensives over cyclicals, while banking turmoil stoked credit crunch fears and an AI boom boosted mega-caps. European equity investors hunt for big returns in small places 2023-06-15T04:00:00Z "I'm starting to get concerned that there's a growing risk of a credit crunch." Analysis: Investors on guard for market stress as Fed signals more hikes ahead 2023-06-15T04:00:00Z It cited one potential downside scenario where banking stress results in a severe credit crunch and broader financial market stress in advanced economies. World Bank lifts 2023 global growth forecasts, but cuts next year's outlook 2023-06-06T04:00:00Z That has led to a credit crunch while firms have also had to grapple with a surplus of high-end property. Exclusive: Vietnam's No Va Land in talks with Credit Suisse, others to restructure debt -source 2023-05-23T04:00:00Z At the same time, Sycamore cautioned against becoming too sanguine on the U.S. banking sector, after the market's mood was lifted by a Fed survey of lenders that suggested no imminent credit crunch. Asian stocks edge lower, dollar firm as US inflation data looms 2023-05-09T04:00:00Z But there was no obvious sign of a credit crunch, which fits with recent weekly bank deposit flow and lending data too. Morning Bid: Investors’ glass still half full 2023-05-08T04:00:00Z But it doesn't want financial conditions to tighten more than necessary, and recent bank failures threatened both broader stress in the industry and a worse-than-anticipated credit crunch. Explainer: Parsing the Fed's path to a pause 2023-05-05T04:00:00Z Multiplied across the banking industry, that trend could cause a credit crunch that would hobble the economy. April jobs report may point to U.S. labor market’s resilience 2023-05-05T04:00:00Z "If consumer outlays slow dramatically, then the overall impact of the banking sector turmoil/credit crunch on jobs will probably be quite significant." Slower US job growth expected in April; unemployment rate seen rising to 3.6% 2023-05-05T04:00:00Z If squeezed hard, this credit downturn could morph into a full-blown credit crunch, weighing on growth which is barely in positive territory to begin with. ECB to raise interest rates for a seventh time in inflation fight 2023-05-03T04:00:00Z The March report also raised red flags, but again, markets may need evidence of an obvious credit crunch if they are to wilt. Morning Bid: Investors’ glass still half full 2023-05-08T04:00:00Z After the sudden collapse of Silicon Valley Bank, banking indexes plunged, dragging the broader stock market lower amid fears of a credit crunch and spiraling economic crisis. In an Unsteady Banking Industry, First Republic’s Problems Stood Out 2023-05-01T04:00:00Z The stresses in the regional bank sector could lead to a credit crunch, although he said it was too early to say how likely that would be or when it would occur. Lazard reports surprise loss on dealmaking slump, cuts jobs 2023-04-28T04:00:00Z It doesn’t change any potential forward guidance because the Fed still doesn’t know to what extent this potential or looming credit crunch is going to have on the economy. Instant View: US March PCE price index shows high, but cooling, inflation 2023-04-28T04:00:00Z There isn't a credit crunch - yet - according to a recent Bank of England survey. Take Five: Rate hike vs bank stress 2023-04-28T04:00:00Z However, over 20% said they believed that a credit crunch resulting from the bank stress would lead to a noticeable pick-up in corporate defaults. Bank stress likely to lead to tighter lending, corporate defaults - BofA credit survey 2023-04-26T04:00:00Z He added a credit crunch is not a foregone conclusion, pointing to a settling down in the financial sector in the past few weeks. A credit crunch could be coming. Here’s what that could mean for getting a loan 2023-04-23T04:00:00Z Japanese policymakers and analysts see the failure of the two U.S. banks this time as different in nature from the last financial crisis, which stemmed from subprime mortgage loans and triggered a credit crunch. BOJ sees 'sound and resilient' financial system despite some jitters 2023-04-21T04:00:00Z But concerns are growing about a recession in the second half of the year, a weak earnings season and the turmoil surrounding lenders prompting a credit crunch. Goldman Sachs Falters Amid Strong Earnings From Big Banks 2023-04-18T04:00:00Z These conditions could lead to a tightening of credit conditions, including the possibility of a "credit crunch", he said. Citigroup hikes 2023 global growth forecast, sees US recession only in Q4 2023-04-19T04:00:00Z A net 63% of funds polled see a weaker economy ahead - the highest this year so far - and more than a third saw a bank credit crunch and global recession as the biggest risk ahead. Morning Bid: Crowded bonds unnerved 2023-04-19T04:00:00Z But he added it’s still unclear how much of a widespread credit crunch will materialize as a result. A credit crunch could be coming. Here’s what that could mean for getting a loan 2023-04-23T04:00:00Z Small businesses already are feeling the first squeeze from the credit crunch. Economy stumbled after banking crisis, stirring renewed recession fears 2023-04-16T04:00:00Z Mike Wilson, Morgan Stanley’s chief investment officer, warned investors on Tuesday about consumers having drawn more than $1 trillion worth of deposits out of American banks, suggesting that “a credit crunch has started.” Goldman Sachs Falters Amid Strong Earnings From Big Banks 2023-04-18T04:00:00Z "That could be exacerbated in depth and duration in a more severe credit crunch." US bank giants ride rate rises, keep storm clouds at bay 2023-04-14T04:00:00Z Economists expect small businesses like restaurants, bars and nail salons would be affected by a credit crunch. U.S. weekly jobless claims increase as labor market slows 2023-04-13T04:00:00Z A credit crunch might be on its way. A credit crunch could be coming. Here’s what that could mean for getting a loan 2023-04-23T04:00:00Z The extent of any emerging credit crunch could determine whether the market is correct. Economy stumbled after banking crisis, stirring renewed recession fears 2023-04-16T04:00:00Z However, bank failures in the United States and Europe have put central bankers on guard against a widespread credit crunch. Bank of Canada seen holding on rates amid cooling inflation, financial turmoil 2023-04-12T04:00:00Z But the same survey found that consumers are experiencing the onset of a credit crunch, a point many inflation-watchers seized upon. Why Drugmakers’ Battle in Texas is Such a Big Deal 2023-04-11T04:00:00Z A credit crunch affects small businesses more than larger ones, he said, because smaller businesses have fewer levers they can pull to get financing. Small business owners feel the credit crunch 2023-04-11T04:00:00Z Banks curtail lending in a credit crunch, making it harder for businesses and consumers — especially those with weaker credit — to acquire loans. A credit crunch could be coming. Here’s what that could mean for getting a loan 2023-04-23T04:00:00Z But the potential for a worse-than-expected credit crunch remains elevated in the wake of the Silicon Valley Bank and Signature Bank collapses last month, which raised concerns of a larger financial panic. The credit crunch the Fed fears may already be taking shape 2023-04-10T04:00:00Z Investors reason that the full impact of higher borrowing costs has yet to be felt, and recent stress in the global banking system has fueled concern of a credit crunch, including in the United States. Bank of Canada seen on hold even as economy accelerates 2023-04-09T04:00:00Z But regardless of how much or little an upcoming "credit crunch" affects the economy, there are signs consumer behavior is already starting to turn. As banking jitterbug dies down, Fed returns to its main dance partner 2023-04-03T04:00:00Z Squelching inflation is the Fed’s goal, and a credit crunch set off by bank failures could get it there quickly. The Fed Is Doing Too Much, All at Once 2023-03-31T04:00:00Z Conviction is now building among investors and central bankers that banking stress and a potential follow-on credit crunch make a hard landing for the world's largest economy more likely. Take Five: Springing into action 2023-03-31T04:00:00Z Of course, that's all partly due to an assumption a brewing credit crunch could stop Federal Reserve interest rate rises in their tracks and see easing by year-end. Column: Markets won't give up the ghost: Mike Dolan 2023-03-31T04:00:00Z What is next may depend on whether further banking stress leads to a credit crunch that helps tame inflation. Analysis: After extraordinary rally, bonds' fate now with bank stability and inflation 2023-03-30T04:00:00Z That's partly due to an assumption a brewing credit crunch will stop Federal Reserve interest rate rises in their tracks and see easing by year-end. Morning Bid: World markets leaving March like a lamb 2023-03-30T04:00:00Z Economists are also worried that commercial property could be the next shoe to drop if global banking woes trigger a broader credit crunch for the multi-trillion-dollar sector that was already under pressure. Signs of pain as easy cash era ends are growing 2023-03-30T04:00:00Z Money markets are betting it will shift to cutting interest rates over the coming months after recent stress in the global banking sector raised prospects for a credit crunch. Canada's fiscal spending moves out of step with overheating economy 2023-03-29T04:00:00Z The failures of U.S. lenders Silicon Valley Bank and Signature Bank, followed by Credit Suisse's rescue, is prompting central bankers to closely monitor the potential for banking stress to trigger a credit crunch. Bank of Canada 'ready to act' in event of extreme market stress 2023-03-29T04:00:00Z Central bankers are closely monitoring the potential for banking stress, on top of lending conditions that were already tightening, to trigger a credit crunch. Banking turmoil means recession fears are creeping back 2023-03-29T04:00:00Z “Right now what’s unclear for us is how much of these banking stresses are leading to a widespread credit crunch.” Will Bank Turmoil Tank the Economy? 2023-03-28T04:00:00Z Economists are worried commercial property could be the next shoe to drop if problems in global banking markets trigger a broader credit crunch for the multi-trillion-dollar sector that was already under pressure. Europe's banks in 'better place' than U.S. in terms of commercial property risk - JPMorgan 2023-03-28T04:00:00Z While the analysts expect a continuation of declining credit growth which is consistent with monetary tightening, they don't expect any credit crunch. Morning Bid: Calm returns: Investors switch to bank fundamentals 2023-03-28T04:00:00Z “What’s unclear for us is how much of these banking stresses are leading to a widespread credit crunch.” World Bank Warns of ‘Lost Decade’ for Global Economic Potential 2023-03-27T04:00:00Z Recent stress in the banking sector and the possibility of a follow-on credit crunch bring the United States closer to recession, Minneapolis Fed President Neel Kashkari told CBS' "Face the Nation" on Sunday. US banking concerns shift from crisis to growth woes 2023-03-27T04:00:00Z Minneapolis Fed president Neel Kashkari said on Sunday the recent stress in the banking sector and the possibility of a follow-on credit crunch has brought the U.S. closer to recession. Dollar steady as banking crisis fears keep investors jittery 2023-03-27T04:00:00Z Minneapolis Fed President Neel Kashkari on Sunday said officials were watching "very, very closely" to see if the banking stress led to a credit crunch that threatened to tip the economy into recession. Asia wary, US stock futures up on SVB reports 2023-03-27T04:00:00Z If bond yields and implied rates are plunging because a looming credit crunch makes recession far more likely, risk appetite is likely to change accordingly. ASIA Weighing up the global banking crisis 2023-03-26T04:00:00Z Indeed, if Europe were to experience a credit crunch, analysts say, last week’s ECB rate hike might be its last for a while. Fed’s unwanted ally in bid to tame inflation: Credit crunch 2023-03-23T04:00:00Z In other words: a credit crunch is coming. The Fed sees a looming credit crunch. What's that? 2023-03-24T04:00:00Z "Peak rates" is coming faster than many expected, not because inflation has been vanquished, but because central banks are wary of fanning the flames of a credit crunch, right as the banking sector wobbles. Take Five: And let there be calm 2023-03-24T04:00:00Z The banking crisis may trigger a credit crunch with "significant" implications for the economy, which could slow even more this year than previously thought, Fed officials said. BofA, UBS trim forecast for Fed funds rate amid banking crisis 2023-03-23T04:00:00Z Banking industry stress could trigger a credit crunch with “significant” implications for an economy that Fed officials projected would slow even more this year than previously thought, Powell said. Analysis-Investors cautious on U.S. stocks, even though Fed hikes may soon end 2023-03-23T04:00:00Z Signs of a possible credit crunch in the United States had begun to emerge even before Silicon Valley Bank collapsed on March 10, raising worries about the stability of the financial system. Fed’s unwanted ally in bid to tame inflation: Credit crunch 2023-03-23T04:00:00Z Powell also said on Wednesday that banking industry stress could trigger a credit crunch with "significant" implications for an economy that U.S. central bank officials projected would slow even more this year than previously thought. Oil prices fall as investors weigh Fed chair comments, rate hike 2023-03-23T04:00:00Z Fed Chair Jerome Powell said banking stress could trigger a credit crunch with "significant" implications for a slowing U.S. economy. Take Five: And let there be calm 2023-03-24T04:00:00Z But he dismissed concerns it could affect them, saying it was "too early" to conclude the region was heading for a credit crunch. Bundesbank chief: rate-setters must be ‘stubborn’ in inflation fight -FT 2023-03-22T04:00:00Z This has further to run, and the full economic sand market impact of the credit crunch many think is coming has yet to be felt. Morning Bid: Hoping Powell sheds light in fog of uncertainty 2023-03-21T04:00:00Z As long as it remains orderly, a credit crunch could be positive for the Fed. The canary is alive and chirping a year into Fed's rate hiking cycle 2023-03-20T04:00:00Z But world markets now bet their interest rate rise campaigns are over amid fears that an unfolding credit crunch resulting from increasingly stressed banks just hastens recession and disinflation on its own. Morning Bid: Fed halt being priced as bank blaze smoulders 2023-03-20T04:00:00Z Conscious that their capital cushions are threadbare, banks will pull back from lending: There will be a credit crunch. Opinion | From bank runs to a credit crunch, the financial future looks bleak 2023-03-17T04:00:00Z “Now, you get this credit crunch, but that’s coming from financial stability concerns.” Banking Crisis Hangs Over Economy, Rekindling Recession Fear 2023-03-17T04:00:00Z “I think what is reflected in the bond market is an elevated risk of recession and a credit crunch, but for whatever reason it hasn’t reached stock investors yet,” Ms. Sonders said. Wall Street rises on relief over banks and inflation. 2023-03-14T04:00:00Z “I think what is reflected in the bond market is an elevated risk of recession and a credit crunch but for whatever reason it hasn’t reached stock investors yet,” Ms. Sonders said. Wall Street is on track for a gain on relief about banks and inflation. 2023-03-14T04:00:00Z "In short, the risk of a credit crunch has increased materially." Morning Bid: Fed halt being priced as bank blaze smoulders 2023-03-20T04:00:00Z “I think what is reflected in the bond market is an elevated risk of recession and a credit crunch but for whatever reason it hasn’t reached stock investors yet,” said Ms. Sonders. Regional Bank Stocks Rebound as Panic Appears to Pause 2023-03-14T04:00:00Z "Even if the collapse of several mid-tier banks doesn’t develop into a full-blown systemic crisis, it will more than likely trigger a credit crunch," said Paul Ashworth, Chief North America Economist at Capital Economics. Global bank stock rout deepens as SVB collapse fans crisis fears 2023-03-14T04:00:00Z Lula has warned of an imminent credit crunch due to high borrowing costs, which would hurt growth in Latin America's largest economy, expected to expand less than 1% this year. Brazil's Senate set to approve invitation for central bank chief's hearing 2023-03-13T04:00:00Z “The immediate impact will be a short-term credit crunch where people are on unable to access credit for that,” he said. Closure of Silicon Valley Bank a blow to Seattle startup community 2023-03-10T05:00:00Z Fears of defaults on real estate projects last year triggered a credit crunch in South Korea's financial markets. South Korea's 'jeonse' rent-free renters hit by property downturn 2023-02-21T05:00:00Z South Korea has doubled the amount of corporate bonds it is willing to buy through state banks, fearful of a credit crunch. A Rising Dollar Is Hurting Other Currencies. Central Banks Are Stepping In. 2022-10-27T04:00:00Z South Korea's government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets. Philips to cut 4,000 jobs after medical equipment recall 2022-10-24T04:00:00Z South Korea's government will expand its corporate bond-buying program among other liquidity supply measures amid growing worries about a credit crunch in bond and short-term money markets. Mubadala, KKR to invest about $1 bln in Asia 2022-10-24T04:00:00Z "Not since the credit crunch have CFOs rated debt - whether that's bank borrowing or corporate bonds - as being less attractive as a source of finance for their businesses than they do today." UK CFOs say credit is expensive, hit by "mini-budget," Deloitte survey says 2022-10-16T04:00:00Z The underperformance of these investors could lead to a decline in new CLO issuance and a credit crunch in the leveraged loan market, reducing funding available to existing sub-investment-grade firms, it said. Factbox: Ticking bomb: The risks the IMF sees to financial stability 2022-10-11T04:00:00Z The data is among factors closely watched by the BOJ in deciding whether to end a pandemic-relief loan scheme, aimed at easing a credit crunch among small firms, as scheduled when it expires in September. Japan bank lending picks up on demand to meet rising material costs 2022-08-08T04:00:00Z Property developer Sunac China said it missed a bond interest payment and will miss more as China’s real estate sector remains in the grip of a credit crunch. Shares drop as stubborn U.S. inflation stokes worries on rates, economy 2022-05-12T04:00:00Z The credit crunch was exacerbated by declining overseas lending from China, which is grappling with solvency concerns in the real-estate sector, COVID-19 lockdowns and problems with existing loans to developing countries, they said. New mechanisms needed for debt stress as poor countries hit by surging prices -IMF 2022-04-11T04:00:00Z This was at the beginning of the "credit crunch" – the early days of the financial crisis when banks were becoming afraid to lend to each other, and charging higher rates to reflect their fears. The whistleblowing bankers who were sent to jail 2022-02-28T05:00:00Z China’s economic slowdown is also nagging on investors’ minds, especially as a credit crunch seems to be quickly spreading through the giant property industry. Stocks stalled as oil fuels inflation nerves 2021-11-10T05:00:00Z Economists say Beijing can prevent a broader credit crunch if Evergrande defaults but wants to avoid bailing out the company or its creditors as a warning to other borrowers and lenders to be more disciplined. Chinese developer misses payment, adding to industry strain 2021-10-04T04:00:00Z The heavily indebted state, which does not have the oil or gas resources of its Gulf neighbours, received a $10 billion bailout in 2018 from some of its Gulf allies to avoid a credit crunch. Citi launches tech hub in Bahrain to develop its digital platforms 2021-09-27T04:00:00Z While ratings agencies say a default appears likely, economists say Beijing can prevent a credit crunch in China but wants to avoid bailing out Evergrande while it tries to force companies to reduce debt levels. Chinese banks try to calm fears about developer’s debts 2021-09-23T04:00:00Z Beijing has resources to prevent a Chinese credit crunch if Evergrande defaults. Fears of contagion from Chinese builder’s debt problems ease 2021-09-23T04:00:00Z Economists say banks and bondholders are likely to lose money if Evergrande restructures its $310 billion debt but Beijing has the resources to prevent a Chinese credit crunch. Chinese builder in debt jam says it will make bond payment 2021-09-21T04:00:00Z A credit crunch would be very bad news for the world's second largest economy, because companies that can't borrow find it difficult to grow, and in some cases are unable to continue operating. Evergrande: Embattled China property giant sparks economy fears 2021-09-20T04:00:00Z Chen Zhiwu, a professor of finance at the University of Hong Kong, said a failure could result in a credit crunch for the entire economy as financial institutions become more risk averse. Why China’s Economy Is Threatened by a Property Giant’s Debt Problems 2021-09-10T04:00:00Z "It was happening in central London long before pandemic. In the aftermath of 2008 credit crunch, councils looked favourably on applications to change to residential use." The uncertain future of Britain's offices 2021-05-26T04:00:00Z “To do nothing would result in a credit crunch, which would mean businesses would fail even more so and jobs would be lost,” EU financial services commissioner Mairead McGuinness told reporters. EU to help banks to jettison loans soured by COVID 2020-12-16T05:00:00Z Thankfully for retailers, many consumers aren’t looking at a personal credit crunch. Credit card balances drop, giving room for holidays. Here are ways to pay 2020-11-25T05:00:00Z This could lead to what is known as a credit crunch, when companies struggle to borrow money at affordable rates. Evergrande: Embattled China property giant sparks economy fears 2021-09-20T04:00:00Z But the global credit crunch of 2008-9 hit the Foundation’s investments and Heikensten, a former central bank chief, was brought in to get its finances in order. Nobel winners to get $110,000 raise as prize money increased 2020-09-24T04:00:00Z Normally that leads to falling house prices, and during the last recession and credit crunch that is what we saw in the UK, US and many other countries. Coronavirus may have huge impact on property markets 2020-06-10T04:00:00Z While the oil industry was already facing problems before the pandemic, including a credit crunch, Jose Sagaseta thought his job of eight years with an oilfield services company in Houston was safe. Houston confronts one-two punch of COVID-19 and oil bust 2020-05-06T04:00:00Z Among those crises is “the bursting of a global asset price bubble . . . a global credit crunch, and a major reversal of capital flows to the emerging market economies.” Opinion | Here comes the great deflation threat 2020-04-05T04:00:00Z Among other things, the credit crunch means there are relatively few buyers for municipal bonds. Fed Backstops Corner of Municipal Debt Markets Amid Calls for Support 2020-03-20T04:00:00Z South Korea warned of a global credit crunch and said it was setting up crisis funds to stabilize its financial markets. World leaders rush in to shore up panic-hit global financial system 2020-03-19T04:00:00Z By day’s end, the bonds of heavily indebted energy firms were trading many times beneath their face value, and fears of a credit crunch were growing. How the longest bull run in history ended in pandemic panic 2020-03-13T04:00:00Z The market slump shows some investors are pricing in a major downturn, a lockdown of US cities, and a “severe credit crunch”, say analysts at Nomura: Stock markets tumble as Trump's Europe travel ban shocks investors - business live 2020-03-12T04:00:00Z The index fell 56.8%. in that 17-month period as the U.S. housing downturn and mortgage crisis erupted, triggering a credit crunch. A look at what happens when stocks enter a bear market 2020-03-11T04:00:00Z Blankfein later apologized for what The Guardian described as "practices that led to the credit crunch, such as the creation of 'toxic' mortgage-backed securities." CEO who ran Goldman Sachs during financial crisis warns Bernie Sanders will “ruin" economy 2020-02-13T05:00:00Z But the credit crunch produced a much broader slowing in the Chinese economy in 2018 than expected. China Renews Its ‘Belt and Road’ Push for Global Sway 2020-01-15T05:00:00Z Freeing up more liquidity now would also reduce the risks of a credit crunch ahead of the long Lunar New Year holidays later this month, when demand for cash surges. China cuts banks' reserve ratios again, frees up $115 billion to spur economy 2020-01-01T05:00:00Z Back in 2007, when the credit crunch struck, the ATG was trading at over 5,200 points – more than five times its value today. Global stock markets post best year since financial crisis 2019-12-31T05:00:00Z Volcker’s success also owed much to President Ronald Reagan, who backed the Fed’s unpopular credit crunch. Opinion | We owe much to Paul Volcker 2019-12-09T05:00:00Z Shepherdson warned that, without a quick turnabout in administration trade policy, there’s little hope of a sudden recovery in manufacturing, such as what happened in 2009, when the recession-related credit crunch ended. Column: Trump is killing U.S. manufacturing 2019-09-03T04:00:00Z “This is a credit crunch. And a credit crunch is a known economy-killer,” said economist Carl Weinberg of High Frequency Economics. Banks are paying people to borrow money. That’s alarming news for the global economy. 2019-08-13T04:00:00Z The European banking system was freezing up, and on Aug. 9, the European Central Bank injected 95 billion euros to try to ensure the free flow of money and avoid a credit crunch. It’s Another Rocky August in the Markets. Does It Look Like 1998, or 2007? 2019-08-12T04:00:00Z Then came the credit crunch, and the moment—the latest version of the old familiar one—when things turned out not to be worth what they were supposed to be worth. The Invention of Money 2019-07-29T04:00:00Z If the new seriousness feels faintly familiar, that’s because something similar happened a decade ago, in the aftermath of the credit crunch. Kim Kardashian West is studying law: welcome to the new seriousness | Gaby Hinsliff 2019-04-13T04:00:00Z Those five words sum up why the ECB pushed back consideration of any rate increase to next year and expanded lending to banks to stave off a credit crunch. 'Pervasive uncertainty' pushes top central banks to patient stance 2019-03-07T05:00:00Z Officials have conducted a series of stress tests on UK banks to determine whether they can survive a severe economic shock and credit crunch in the event of a no-deal Brexit. EU banks 'could face panicky trading after no-deal Brexit' 2019-03-05T05:00:00Z Mr Pryor said the scheme was brought in for legitimate reasons following the credit crunch, to restore confidence in the sector. Does Help to Buy prop up housebuilders? 2019-02-26T05:00:00Z The credit crunch in 2008 triggered a panic when people throughout the financial system wondered whether the numbers on balance sheets meant what they were supposed to mean. The Invention of Money 2019-07-29T04:00:00Z “Matters were moving almost on an hourly basis,” Agius said, noting that a smaller decision-making group was more practical to secure strategic investors as markets gyrated in the credit crunch. Former Barclays chairman 'not aware' of Qatar fee document, court told 2019-02-20T05:00:00Z Germany’s woes will add to the grave problems facing Italy, including weak banks, erratic politics and a looming credit crunch. German Growth Stagnates as Trump Trade War Starts to Bite 2019-02-14T05:00:00Z “If it’s consumer-driven, it may affect us differently. If it’s a credit crunch affecting small companies, it could affect us differently. If it’s big companies, we know what that looks like.” Apple and the Art of Guidance 2019-01-06T05:00:00Z In that 17-month period, as the U.S. housing downturn and mortgage crisis erupted, triggering a credit crunch, the index fell 56.8 percent. Q&A: What does it mean when stocks enter a ‘bear market’ 2018-12-21T05:00:00Z For example, some regional Fed presidents have asked corporate chief executives whether they are seeing leveraged loans use debt structures that would appear particularly dangerous in a credit crunch. Fed urged to get more serious about U.S. corporate debt risks 2018-11-27T05:00:00Z Notable issues Sir Jeremy worked on were the response to the 1990s exchange rate mechanism crisis and the 2008-09 credit crunch and financial crisis. Heywood stands down as civil service chief 2018-10-24T04:00:00Z The danger, he said, is a return of the credit crunch that choked off Italy’s recovery after the eurozone crisis earlier this decade. Banks Are Italy’s Weak Spot as Rome Picks Fight With EU 2018-10-05T04:00:00Z When the financial crisis hit, G.E., the nation’s largest nonbank financial institution at the time, was caught in the credit crunch and its future cast in doubt. G.E. Ousts Chief Just Over a Year After Picking Him to Lead a Turnaround 2018-10-01T04:00:00Z That bodes well for the long-term growth of the industry, which was hammered by the credit crunch that followed the last recession. Recent editorials published in Indiana newspapers 2018-09-18T04:00:00Z China is the biggest economy facing a credit crunch, but its huge level of government spending is already softening the blow. The end really is near: a play-by-play of the coming economic collapse 2018-08-12T04:00:00Z The spark for a credit crunch would be foreign investors deciding they wanted to cut their exposure to the U.K. Why Hot Money Is a Problem for Britain at Just the Wrong Time 2018-06-28T04:00:00Z Over all, there is growing evidence that a credit crunch is taking a toll on the Chinese economy. As China Curbs Borrowing, Growth Shows Signs of Faltering 2018-06-14T04:00:00Z However, the League’s northern heartland is dominated by a large constituency of small to medium-sized businesses who during the recession were hit by both falling demand and a severe euro credit crunch. Italy's euroskeptics and their currency ideas take center-stage 2018-06-02T04:00:00Z He then spent three or four years doing a lift engineering apprenticeship before joining an uncle and aunt in Dubai at the time of the ‘credit crunch’ in 2008/09. Motorcycling: Dakar winner Sunderland finds focus in freediving 2018-05-03T04:00:00Z Other countries in line for a credit crunch — South Korea, perhaps Singapore, Belgium, Norway, Sweden and a few others — have large trade surpluses, which can counter the effect of a credit slowdown. The end really is near: a play-by-play of the coming economic collapse 2018-08-12T04:00:00Z "This was before the credit crunch where if you went into a bank, they'd offer you all this stuff," he says. ‘I acted my way out of prison’ 2018-03-28T04:00:00Z Homeowners are moving half as often as they did before the credit crunch, figures produced for the BBC suggest. Moving home is 'becoming a rarity' 2018-03-27T04:00:00Z Households and businesses did face a real “credit crunch” as banks retrenched and restricted lending to all but the most sterling borrowers. 6 of Larry Kudlow’s Not-So-on-the-Money Predictions 2018-03-15T04:00:00Z The study of changes in productivity before and after the credit crunch, shows that before it struck people were moving into more productive industries and productivity was growing at 2% a year on average. UK shift into less productive work 2018-02-07T05:00:00Z The prospect is of another credit crunch, the crippling of the Greek economy, mass unemployment in Italy and Spain, and a critical need for a deal with Russia. Europe needs a leader. Who will step up if Merkel goes? | Simon Jenkins 2017-11-23T05:00:00Z After that 0.25% rise, the world of monetary policy went into a tailspin, with central banks imposing a rapid series of interest rate cuts as it attempted to outrun the credit crunch. Is now the time to raise interest rates? 2017-10-20T04:00:00Z It is 10 years since the start of the credit crunch which saw governments spend billions propping up major banks, including the UK's Lloyds and RBS. Bank of England sets out bank rescue rules 2017-10-02T04:00:00Z In other words, it is an alternative financial establishment, whose popularity is inextricably linked with the ebbing of trust in the global system that was triggered by the credit crunch. Don’t dismiss bankers' predictions of a bitcoin bubble – they should know 2017-09-17T04:00:00Z "However, the north of England, Wales and Scotland present a different picture entirely, with many places more affordable than they were before the credit crunch," he said. 'Pay outpaces house prices' in many areas 2017-09-12T04:00:00Z Individual owner-drivers may be hardest hit, caught in a credit crunch. End of the road? New York's cabs face uncertain future in wake of Uber and Lyft 2017-07-29T04:00:00Z Nine years after his plumbing company collapsed at the height of the credit crunch, Clint Barta is feeling confident enough to start again. Where Trump is seen as saviour - BBC News 2017-07-23T04:00:00Z Similarly, financial regulators are right to worry that the next crisis may not resemble the credit crunch of 2007-08. Could bond funds break the market? 2017-07-20T04:00:00Z In this influential role he made pronouncements on the unsustainability of Labour's long economic boom - comments which saw his reputation rise following the arrival of the credit crunch. The Vince Cable story: Profile of new Lib Dem leader - BBC News 2017-07-20T04:00:00Z Central banks will move cautiously because they do not want to trigger a credit crunch. Alarm grows about over-exuberance in corporate lending 2017-06-29T04:00:00Z I graduated in 2008 into the beginning of the credit crunch. When I was diagnosed with Asperger's, toys helped me cope. They still do 2017-04-13T04:00:00Z As the period running into the 2007 credit crunch showed, the problem with even flattish sales is that it encourages manufacturers to sacrifice their profits in a fight for market share. Peak Auto Sales Make 2017 a Waiting Game for Investors 2017-01-03T05:00:00Z It might not lead to a prolonged credit crunch like what paralyzed China’s markets in 2013. China’s Fed Hangover Will Linger 2016-12-16T05:00:00Z Mr Trump sued the lenders during the credit crunch to extend the terms of the loan. Five things you need to know about Steve Mnuchin - BBC News 2016-11-30T05:00:00Z The Bank of England attended a meeting in which senior executives of major banks discussed inaccurate Libor rates at the start of the credit crunch, according to an email cited in court. Libor: new disclosures in court - BBC News 2016-11-10T05:00:00Z Indebtedness is growing at the fastest rate since before the credit crunch of 2008, says the Money Charity which compiled the statistics. Warning as household debts spiral to £1.5 trillion - BBC News 2016-11-06T04:00:00Z Not long into my self-education, the credit crunch hit, and then it turned into the Great Recession. How Economic Gobbledygook Divides Us 2016-11-01T04:00:00Z UK manufacturing is suffering a "hangover" from the credit crunch of 2007-08 that is hampering investment, according to industry body EEF. UK manufacturing suffers lack of investment, says EEF - BBC News 2016-08-07T04:00:00Z Even though the potential cuts are small, the bank may trim rates just to keep money flowing to avoid another credit crunch. Bank of England mulls rate cut to cushion Brexit blow 2016-07-13T04:00:00Z "It won't be supply constrained, it won't be a credit crunch, it will be a function of the overall economic outlook, which will be determined by decisions away from the financial sector," he said. Bank of England's Carney hints again at more stimulus after Brexit 2016-07-12T04:00:00Z Indeed, on July 5th the bank reduced capital requirements for banks, in a bid to stave off a credit crunch. How low can it go? 2016-07-07T04:00:00Z And the trouble was that often - and especially during the credit crunch - they hadn't borrowed anything. How Libor came to be fiddled - BBC News 2016-07-04T04:00:00Z After the dotcom bubble and the global credit crunch, it's the turn of the emerging markets industry to sink into post-boom soul searching. Emerging markets industry sinks into post-boom soul searching 2016-03-01T05:00:00Z Even so many are still trying to recover from the trauma of the credit crunch. Safety check: Are our banks now safe? - BBC News 2016-02-15T05:00:00Z Edward I probably had a surplus on his account with the Ricciardi, who collapsed as the result of a ‘credit crunch’ caused by the unexpected outbreak of war between England and France..... Market turmoil: FTSE 100 hits lowest since July 2012 as rout deepens - business live 2016-02-11T05:00:00Z Now, investors are betting the yuan will fall, helping spur capital outflows and raising the specter of a credit crunch inside the country. Confused by China’s Yuan? It’s Intentional 2016-01-15T05:00:00Z By 2009, when it had first become hugely popular, it seemed to respond to a particularly English malaise connected directly with the way Britain reacted to the credit crunch and the banking crash. Keep Calm and Carry On – the sinister message behind the slogan that seduced the nation 2016-01-08T05:00:00Z However, for less aggressive lenders it might just devalue their prudence, while it also might not stop a credit crunch, which appears to be its main purpose. This New Banking Shock Absorber Might Fail To Impress 2015-12-29T05:00:00Z But it show that eight years after the credit crunch there is still more to be done. Safety check: Are our banks now safe? - BBC News 2016-02-15T05:00:00Z Edward I probably had a surplus on his account with the Ricciardi, who collapsed as the result of a ‘credit crunch’ caused by the unexpected outbreak of war between England and France..... Market turmoil: FTSE 100 hits lowest since July 2012 as rout deepens - business live 2016-02-11T05:00:00Z If higher-rated, stronger companies from sectors outside the oil and commodities complex were to face difficulty in raising cash, then the risk is of a wider credit crunch. U.S. Junk-Bond Storm: Picking Through the Wreckage 2015-12-15T05:00:00Z First sold in London by the shop at the Victoria and Albert Museum, it became a middlebrow staple when the recession, initially merely the slightly euphemistic “credit crunch”, hit. Keep Calm and Carry On – the sinister message behind the slogan that seduced the nation 2016-01-08T05:00:00Z By Monday afternoon, they said they remained confident a full-blown credit crunch wasn’t imminent, saying the worst selling was largely confined to the debt of the lowest-quality borrowers. Junk-Bond Selloff Intensifies 2015-12-15T05:00:00Z A construction boom provided the bedrock for the latter years of Ireland's Celtic Tiger economy, which collapsed in 2008 amid the global credit crunch and Irish banks' exposure to toxic property loans. Irish unemployment falls to 7-year low of 8.9 percent as crucial construction sector grows 2015-11-17T05:00:00Z The mortgages, purchased by Cerberus Capital Management, were owned originally by Northern Rock, one of the first lenders to get into trouble during the credit crunch. UK Treasury chief sells $19.8 billion in mortgages acquired in financial crisis 2015-11-13T05:00:00Z It was designed to prevent a financial crisis of the sort triggered by the collapse of Lehman Brothers and the subsequent global credit crunch. Australia Consumer Confidence Sags as Mortgage Rates Rise 2015-10-26T04:00:00Z The Dublin bank employed aggressive lending policies to fuel Ireland's runaway property market for a decade — then faced collapse amid the global credit crunch of 2008. Irish banker at center of scandal is arrested in Massachusetts on extradition warrant 2015-10-11T04:00:00Z The Dublin bank employed aggressive lending policies to fuel Ireland’s runaway property market for a decade - then faced collapse amid the global credit crunch of 2008. Irish banker at center of scandal arrested in Massachusetts 2015-10-11T04:00:00Z But even allowing for that, the rich world seemed blind to the price signals of 2008 and 2011, presumably because of the credit crunch and a lack of unused arable land. Oily food 2015-10-08T04:00:00Z The severe economic downturn led to a credit crunch, hampering start-ups and innovations. With all these new apps and gadgets, why is U.S. productivity so sluggish? 2015-10-02T04:00:00Z Phrases like “negative equity” and “credit crunch” capture that. The Middle-Class Squeeze 2015-09-25T04:00:00Z Mr Pannell said that was slow, partly owing to a hangover from the credit crunch, but also the result of factors including: UK housing market is dysfunctional, says CML economist - BBC News 2015-09-03T04:00:00Z As a result when the credit crunch struck, the Irish property market rapidly collapsed, as did much of the tax revenue that it was bringing in. How has austerity worked out for eurozone countries? - BBC News 2015-07-10T04:00:00Z Some see the repackaging of risk in nifty new financial instruments as worryingly similar to the financial engineering that helped precipitate the credit crunch. Compacts of god 2015-05-28T04:00:00Z A key objective of the bond-buying program is to drive down market interest rates and ease a credit crunch in Italy and other countries like Spain and Portugal. Jury Is Still Out on European Central Bank’s Stimulus Program 2015-05-26T04:00:00Z Helena Smith reports from Athens: In a move that puts Greece’s credit crunch into perspective, prime minister Alexis Tsipras’ government has revealed that it has just over €600m euro in cash reserves. George Osborne vows to reform EU; Greek liquidity fears grow - as it happened 2015-05-12T04:00:00Z That would be an improvement on the financial crisis, when bondholders were largely spared for fear of exacerbating the credit crunch. Pre-empting the next crisis 2015-03-26T04:00:00Z The uptick in revenue and loan applications is generally credited to improved economic conditions, although plenty of business owners—chastened after the financial crisis and ensuing credit crunch—are leery of loans. Good News For Female Entrepreneurs: Gender Gap In Lending Narrows, But It's Far From Gone 2015-03-16T04:00:00Z With British and US retail banks in low repute since the credit crunch, the field is ripe for nimble new entrants, unencumbered by physical branches, bad loans, and ageing infrastructure. Banking on the internet-only revolution 2015-03-05T05:00:00Z Liquidity auctions enabled banks to access extra cash during the credit crunch that followed the collapse of Northern Rock. Fraud office probes Bank auctions 2015-03-04T05:00:00Z And the last time they approached it - although falling short - was just before the credit crunch and recession. Should we be worried by FTSE record high? 2015-02-24T05:00:00Z In other words, if there wasn't a severe credit crunch in Greece in the run up to the general election and subsequently, there certainly is now. Why has the ECB punished Greece? 2015-02-05T05:00:00Z But it makes international debt payments much more expensive in rouble terms and a credit crunch is looming in 2015, when Russian companies and banks are scheduled to repay $120 billion in debts. Rouble crisis could shake Putin's grip on power 2014-12-17T05:00:00Z Mr Cameron will also turn his fire on Labour, saying the previous government failed to put money aside "for a rainy day" - leaving Britain exposed when the credit crunch happened. PM attacks Labour's economy 'gamble' 2014-12-14T05:00:00Z The credit crunch was the moment when you do what you’re not supposed to do, and you look down. How America Learned to Live and Thrive With Debt—er, Credit 2014-12-04T05:00:00Z Net migration began to drop in the wake of the credit crunch economic crisis and then again from 2011 after the government restricted entry for some people from outside of Europe. UK migration: What's really happening? 2014-11-28T05:00:00Z China's biggest banks last week reported rising bad loans for the third quarter, and one added that the credit crunch squeezing small companies in the country's export-oriented eastern provinces may be spreading westwards. China October PMIs point to cooling economic momentum, growth target at risk 2014-11-03T05:00:00Z The credit crunch during the recession was a very confusing time for me and for many others. Translate This! How To Decode The Secret Language Of Finance 2014-10-27T04:00:00Z At home, a credit crunch has brought Ulaanbaatar’s building frenzy to a near-halt. The pits 2014-10-09T04:00:00Z “The parties knew very well that the payouts under the trades depended on the markets and unfortunately, late 2008 saw the credit crunch and ensuing financial crisis.” Libya's Sovereign Fund and Goldman Sachs Clash in Court 2014-10-06T04:00:00Z The credit crunch hurt large multinational corporations and it hurt small, local businesses who were denied precious capital to get started. Innovate Finance Launches As The New Voice Of Britain's Fintech 2014-10-02T04:00:00Z Only a severe credit crunch created by Fed chief Paul Volcker stopped the inflation by creating a very deep, two year recession. Central Banks Can't Produce Prosperity 2014-09-19T04:00:00Z Launched in 2006, just before the credit crunch and the collapse of Lehman Brothers, the project struck a chord with austerity Britain. The Rags To Riches Story Of Britain's Thriftiest Multi-Millionaire 2014-08-31T04:00:00Z For the first time since the credit crunch, some of Britain’s regional prime markets are catching up or even outperforming London. Britain's Most Expensive Residential Real Estate Locations 2014-08-23T04:00:00Z The figures continue the reversal since the depths of the credit crunch in 2009 when average rents were £37 cheaper a month than buying costs. Buying a home would save average tenant £1,300 a year over renting 2014-08-22T04:00:00Z After university, MacDonald headed for the City, and became a corporate financier, just before the credit crunch hit. Did you hear the one about the blind comedian? 2014-08-21T04:00:00Z Ever since the credit crunch, we’ve been told that the only thing holding back the country’s entrepreneurs is a lack of finance from the banks. Are Britain's Small Businesses Running Scared? 2014-08-11T04:00:00Z In July the European leveraged loan market reached levels of activity not seen since the credit crunch, as 39 transactions totalling €14.6 billion were launched. European Leveraged Loan Issuance Hits Post-Crisis Record In July 2014-08-05T04:00:00Z This tri-continental practice is not bad for an architect in his 40s who seven years ago, when the credit crunch hit, nearly went bust, but the nature of the commissions is more impressive. David Adjaye interview: 'I'm not always looking at the usual references' 2014-08-02T04:00:00Z The credit crunch played a role in slowing development, though the national government has tried to resolve that with incentive programs for banks to step up their lending to middle-income home buyers. Leafy Resistance to Affordable British Housing 2014-07-08T04:00:00Z Today it reads as a minor but prescient piece of historical color, foreshadowing major losses by financial institutions and a credit crunch creating difficulties for weaker borrowers. The BBC Doesn't Want to Be Forgotten by Google 2014-07-03T04:00:00Z Bill Miller famously beat the S&P 500 index 15 years in a row before the credit crunch. Bill Miller Favorite Stocks, And Ones He's Avoiding 2014-07-02T04:00:00Z Dan Nickols, a fund manager at Old Mutual Global Investors, also believes that investors still "need and want IPOs", given the dearth of issuance following the credit crunch. Investors tire of UK's IPO market 2014-06-23T04:00:00Z Before the credit crunch, finance was Britain’s most successful industry, its biggest exporter, taxpayer and provider of well-paid jobs. Now you see them… 2014-06-19T04:00:00Z Homeowners in every other part of Britain have still not made back the losses incurred when the credit crunch began seven years ago. Britain's economy is dangerously imbalanced – just look at the London property bubble 2014-06-01T04:00:00Z What he's describing is a second credit crunch – this time primarily affecting ordinary consumers, rather than banks or businesses, and kicking-in in just two years' time. Britain is still feasting on credit – and the next crunch will hit in 2016 2014-05-30T04:00:00Z But Bean said the lingering economic impact of the financial crisis would mean rates would stay lower than before the credit crunch, settling at about 3% in the next few years. UK interest rates could rise sooner than spring 2015, says Bank deputy 2014-05-25T04:00:00Z He signed up to Northern Rock's Together mortgage, which was popular before the credit crunch and allowed homebuyers to borrow the full price of the property plus an unsecured loan on top. 'Don't call us the bad bank' 2014-05-21T04:00:00Z The credit crunch crash was caused by the freeing up of the massive credit markets. Five Things To Do In A Stock Market Correction 2014-05-19T04:00:00Z And it is also almost certain that those just outside the Great Wen will finally get above the credit crunch levels soon. Britain's economy is dangerously imbalanced – just look at the London property bubble 2014-06-01T04:00:00Z But the European Union and the International Monetary Fund said high unemployment and a continuing credit crunch means that a return to growth in 2015 will be weaker than anticipated. Cyprus says 4th bailout review is positive 2014-05-17T04:00:00Z THE financial crisis began as a credit crunch—and its repercussions are still felt. Daily chart: Spending pending 2014-05-06T15:10:14Z Sure, cash-strapped governments around the world see some new regulations as an opportunity to generate revenues and others as good sense guidelines to reduce the risk of another credit crunch. Innovation, Meet Regulation: How Flash Boys, Uber And Tesla Are Breaking All The Rules 2014-04-15T13:39:00Z Northern Rock was nationalised in early 2008 after becoming the UK's first banking victim of the credit crunch - a move that cost the government £37bn. Where does boss's resignation leave Co-op? 2014-03-11T19:50:02Z As a result, many banks are too weak to lend, creating a credit crunch that is particularly acute in countries like Italy. Europe Moves to Protect Against Bank Failures 2014-03-11T11:49:03Z Debt-laden Risanamento was the biggest Italian real estate casualty of the credit crunch of 2009, when falling property prices and the end of easy bank lending made its large debts hard to sustain. UPDATE 1-Colony Capital unveils details of Risanamento offer 2014-02-21T09:32:27Z They are sapping profits and exacerbating a credit crunch that is holding back an economic recovery. Italian banks' bad debt cleanup to expose bigger capital gap 2014-02-20T19:05:08Z Risanamento was the biggest Italian real estate casualty of a credit crunch in 2009 when falling property prices and the end of easy lending made its large debts hard to sustain. UPDATE 1-Colony Capital offers to buy Italy's Risanamento 2014-02-20T13:20:02Z Mexico was hit hard by the credit crunch of 2008, experiencing its deepest economic slump since the 1930s. Mexico profile 2014-02-13T16:43:23Z As the financial crisis caused a credit crunch for borrowers, some citizens and states themselves started looking to North Dakota as a model of how to keep lending afloat. Legal Pot: The Gateway Drug to State-Run Banking? 2014-01-09T20:08:56Z The events of the past week mark China’s second credit crunch of the year, following a period in June when money market rates spiked to record, double-digit highs. China Credit Crunch Fears Ease With Central Bank’s Action 2013-12-24T08:41:19Z On Monday one important benchmark rate rose to its highest level since June, the height of China's credit crunch. China move calms credit concerns 2013-12-24T08:04:35Z "It's not going to do anything to head off the credit crunch we're seeing in the South," says Simon Tilford, deputy director of the nonpartisan Centre for European Reform in London. Holes Are Seen in Europe Rescue Net 2013-12-20T14:25:42Z The People’s Bank of China moved late Thursday to inject liquidity after the interbank market showed stress, but concerns over a repeat of the summer’s credit crunch weighed on the market. Report on Economic Growth Lifts Markets 2013-12-20T15:36:04Z Why do we put so much emphasis on avoiding a credit crunch? Anti-poverty programmes: Are we helping the poor? 2013-12-18T16:52:59Z Britain’s half-decade-long credit crunch is likely to worsen before it gets better. Business credit: Still cramped 2013-12-05T16:07:33Z Businesses in Europe and Latin America were already facing a credit crunch by the start of 1929. Economic history: What can we learn from the Depression? 2013-11-08T11:40:57Z Currency swap lines were first introduced nearly six years ago in response to a global credit crunch that starved banks of liquidity and threatened to gum up the entire financial system. Six major central banks make currency swap accords permanent 2013-10-31T09:38:26Z The idea is to smooth bank finances and avoid a credit crunch, in which banks are unwilling to loan money to consumers or business. Carney says BoE 'open for business' 2013-10-25T05:51:18Z "These local German banks lend a lot more to small- and medium-sized firms, and when the credit crunch happened most of them were fine." UK QE has failed, says QE inventor 2013-10-21T22:52:20Z "For too many families the end of the month is now their own personal credit crunch." Labour plans levy on payday lenders 2013-10-17T02:12:29Z This has caused a spike in interest rates on T-bills that mature before the end of the year to levels not seen since the height of the global credit crunch nearly five years ago. Analysis: U.S. race to clinch debt sales may prove costly 2013-10-14T19:57:31Z House prices and transactions are only just recovering from the credit crunch and will be paltry in comparison to those of a decade ago. Housing bubble risk 'extremely slim' 2013-10-13T23:00:27Z It made both European and American banks more vulnerable to a sudden drop in asset prices and increased the risk of a credit crunch. Financial fragmentation: Too much of a good thing 2013-10-10T15:00:40Z The UK's housing boom ended in 2008 as the banking crisis and credit crunch bit. The UK housing market - in graphics 2013-10-09T23:02:15Z Banks and other lenders also started calling in loans or at least withholding new ones, inflicting a credit crunch on the broader economy. The dangers of debt: Lending weight 2013-09-12T16:46:00Z Even so, the ensuing credit crunch turned what was already a nasty downturn into the worst recession in 80 years. The origins of the financial crisis: Crash course 2013-09-05T15:00:47Z THE bankruptcy of Lehman Brothers, an American investment bank, in 2008 turned a nasty credit crunch into the worst financial crisis in 80 years. Global finance: Where’s the next Lehman? 2013-09-05T15:00:48Z That in itself, though, means that policymakers, particularly in the US, are planning to edge away from the lax monetary policies brought in to alleviate the effects of the credit crunch. Putin warns economic risks remain 2013-09-05T20:15:50Z That in itself though means that policymakers, particularly in the US, are planning to edge away from the lax monetary policies brought into alleviate the effects of the credit crunch. G20 to agree tax avoidance fight 2013-09-04T23:07:32Z Interest rates could skyrocket if investors question the full faith and credit of the United States government, leading to a credit crunch that pummels business and consumer spending. Today's Economist: Fiscal Collisions Ahead 2013-09-04T14:13:51Z The banks should thus be able to resist a credit crunch of the kind that crippled America’s economy. The economy: A bubble in pessimism 2013-08-15T15:00:17Z A lot of the chatter seems to focus on concerns over China’s credit crunch and overall economic slowdown. Financial Twitter Trends Today - China 2013-08-06T13:56:00Z After all, Spain's impressive export performance was achieved despite the deep domestic credit crunch. Is Spain's Experiment About to Succeed? 2013-08-04T23:07:36Z The Edinburgh-based bank is also under pressure about a continuing investigation into allegations about the sale of certain types of bonds to big US mortgage companies before the 2007 credit crunch. Barclays tipped to raise £7bn in capital as talks with regulator draw to a close 2013-07-26T18:33:19Z There were also signs on Wednesday that a credit crunch in the euro zone is easing. Report Raises Hopes for Euro Zone Recovery 2013-07-24T12:28:17Z A credit crunch in China last month, the Indian rupee's plunge to record lows and a strengthening U.S. dollar have added to the reluctance to buy in, and trading volumes are falling. Volatile markets generate little cheer for Asia's trading desks 2013-07-21T21:49:52Z This will help separate sovereign and banking risks, mitigating the credit crunch and reducing the fragmentation of the financial markets along national borders. Let Italy and the UK usher in a new era for the EU 2013-07-16T10:42:15Z But economic problems including record unemployment had left the sector mired in a deepening credit crunch. Deepening Spanish credit crunch could hit banks, economy, says IMF 2013-07-15T14:17:11Z Some of the evidence in the civil fraud trial could reopen the debate over Wall Street's accountability during the credit crunch, while Tourre could face a fine or a ban from the securities industry. Former Goldman Sachs trader 'Fabulous Fab' goes on trial 2013-07-14T15:52:47Z The credit crunch caused a panic among money dealers, provoking a dramatic decline in domestic equity indexes and raised international concern about the health of the country's financial system. Chinese banks lend aggressively in early July, risking another crackdown 2013-07-11T02:57:57Z With these results in mind, my message to students is do not despair; graduate employers are broadly hiring the same number of graduates as they did before the credit crunch hit. Each graduate job gets 85 applicants 2013-07-10T02:08:45Z Launchedjust as the credit crunch hit consumer confidence, Best Buy UK ended in 2011 with the closure of 11 British stores and the loss of 1,100 jobs. Carphone Warehouse managers to share multimillion-pound windfall 2013-07-02T19:00:17Z Best of all, the business used little capital at a time when the bank - which required three rescues during the credit crunch - had little to spare. Insight: Citigroup's crown jewel is losing some luster 2013-07-02T17:15:51Z The SEC has disputed accusations that it has not done enough to tackle the individuals and companies that helped cause the credit crunch. Former Goldman Sachs trader 'Fabulous Fab' goes on trial 2013-07-14T15:52:47Z In addition, the European Investment Bank will borrow on the markets to increase lending to small businesses in an attempt to bypass the credit crunch and encourage the hiring of school-leavers. Europe takes steps to tackle youth unemployment 2013-07-01T15:23:43Z Any disappointment will no doubt renew worries about the world's second biggest economy just as markets are getting over the impact of a recent credit crunch. Stocks soggy as Fed tapering worries linger, China eyed 2013-07-01T00:44:23Z Even with the credit crunch, the Conference Board, an independent economic forecasting organization, projects that China will grow around 7.5 percent in 2013. China Falling? Not So Fast 2013-06-28T09:55:00Z In addition, the European Investment Bank is to borrow on the markets to increase lending to small businesses in an attempt to bypass the credit crunch and encourage the hiring of school-leavers. EU pledges €6bn to tackle youth unemployment 2013-06-27T18:32:38Z Chinese money market rates moderated for a fifth day on Thursday after last week's spike and stocks recovered some of their recent hefty losses as fears of a credit crunch eased. Asian shares extend gains as Fed, China fears subside 2013-06-27T03:40:28Z The British economy, which is heavily reliant on financial services, is still recovering from the after-effects of a crash that required expensive bank bailouts and led to a credit crunch. Austerity Remains Key to Britain’s Economic Plan 2013-06-26T20:25:33Z But its decision to allow short-term borrowing costs to shoot up to extraordinary levels last week fanned fears that a temporary squeeze could morph into a lasting credit crunch and had roiled global markets. China's central bank calms markets, but tighter policy looms 2013-06-26T04:49:58Z But fears of a credit crunch and slower loan growth continued to fuel selling of Chinese banking shares in Shanghai. Most Asia shares rebound on PBOC assurances but Shanghai extends slide 2013-06-26T03:05:36Z Meaanwhile, the financial markets in Europe remain gripped by the danger of a credit crunch in China, and the Federal Reserve's plans to withdraw its stimulus package. Eurozone crisis live: Greek PM reshuffles cabinet as European stock markets recover 2013-06-25T07:26:15Z That resulted in China's banks - mostly state-owned - charging each other some of the highest lending rates ever - over 25% in some cases - triggering fears of a credit crunch. Chinese stocks enter bear market 2013-06-25T03:01:53Z "A credit crunch in China would not impact us nor our customers," he said. Germany's Duerr sees auto investment climate improving 2013-06-24T13:54:34Z Another factor that spooked markets on Thursday was news of record high borrowing costs in China this week, raising fears of a Chinese credit crunch and a stalling of the world's growth engine. Markets stable after sharp falls 2013-06-21T21:33:39Z This is despite the fact that its mostly state-owned banks are currently charging each other some of the highest lending rates ever - over 12% in some cases - enforcing a kind of state-sponsored credit crunch. China stocks slump on credit fears 2013-06-24T08:00:45Z Stocks tumbled after China's central bank signalled that its crackdown on the country's shadow banking sector would continue, fanning fears of a credit crunch. Eurozone government bond selloff continues as China's stock market tumbles - live 2013-06-24T07:14:00Z Brokers also stress that this does not mark a return to the runaway housing market seen before the credit crunch. UK mortgage lending 'up by a fifth' 2013-06-20T09:57:03Z Ditto "credit crunch", "financial crash" and "fiscal policy". Bank on It: a show about the financial system … for five-year-olds 2013-06-21T17:44:01Z To be sure, the level of reliance on short-term funding is no where near the levels of some Western banks before the global credit crunch. Analysis: China cash squeeze exposes risks from short-term funding 2013-06-21T09:42:22Z “Whether it’s a full-fledged credit crunch remains to be seen.” Markets Fall on China’s Credit Crunch and Fed’s Exit Plan 2013-06-20T12:01:05Z During the credit crunch, the banks were supported by the Bank of Canada with extra liquidity – in effect, cut-price loans – but none was fragile enough to be taken over by the taxpayer. How strong is the economy Canada's Mark Carney leaves behind? 2013-06-15T23:03:06Z Labour's image was badly damaged by the 2008 crisis when a credit crunch forced the government to rescue several banks and the economy entered a prolonged downturn. Britain's Labour seeks to win back trust on economy 2013-06-06T14:11:23Z The bank was involved in the takeover of Dutch rival ABN Amro along with Royal Bank of Scotland, which also needed be rescued after completing the deal during the height of the credit crunch. Clara Furse survives grilling to secure Bank of England role 2013-06-05T15:39:05Z In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. Gold prices are heading towards $1,000 2013-06-03T09:02:21Z Payday loans are a positive choice for people from all walks of life as they meet the needs of consumers in the post credit crunch era. Row over Bolton's new sponsor deal 2013-05-29T20:24:25Z The Commission will also ask Italy to improve the efficiency of its public administration and of its banking system, noting the state of extreme credit crunch. EU to close excessive deficit procedure vs Italy on Wednesday: media 2013-05-27T06:05:33Z Although official interest rates are low, firms in southern Europe are suffering a cruel credit crunch. The euro crisis: The sleepwalkers 2013-05-23T15:05:17Z And if GDP growth does not revive, the problems of Spanish banks and the credit crunch will quickly return. The Spanish economy: On being propped up 2013-05-23T15:05:18Z Iceland's top three banks all collapsed in the space of a few days in late 2008 after the global credit crunch stopped them being able to cope with massive debts. New Iceland government freezes EU talks till referendum 2013-05-22T14:56:00Z The first is the average total of homes built each year since the worst of the credit crunch; the second is the benchmark for many homes are needed each year to meet demand. Housing market: the rule of bad ideas 2013-05-19T22:13:20Z He ended up running the entire bank in the fallout of the 2007 credit crunch. Sir Win Bischoff to quit Lloyds as bank is readied for privatisation 2013-05-12T23:40:21Z The credit crunch now suffocating peripheral Europe is not just the endogenous consequence of weak growth or the Greek crisis; it is also rooted in deliberate policy choices. Lehman, PSI and the consequences of credit policy: The third lever of macroeconomics 2013-05-02T19:20:57Z In itself, a quarter-point cut in interest rates to 0.5% would do little to revive demand, ease the credit crunch or create jobs. European Central Bank must heed eurozone warning signs 2013-04-30T12:57:36Z The second was in 2008, when the financial crisis caused a credit crunch and a worldwide recession. Is the Price of Gold Signaling an Economic Slowdown? 2013-04-29T09:45:40Z Although we might be down here for a little while longer, due to risks of an aggravated euro-area credit crunch, there is light at the end of the tunnel. Euro zone sees light at end of tunnel, pitfalls remain 2013-04-26T07:04:31Z "Anti-Europeanism" was growing across Europe even before the credit crunch – witness the Lisbon treaty referendums. The European dream is in dire need of a reality check 2013-04-25T19:30:01Z This will only exacerbate Europe’s credit crunch, promising weak economic growth going forward. Too Small to Fail 2013-04-15T08:45:00Z At the same time, ECB data suggest a deep credit crunch in Italy and Spain, with new Spanish loans falling 20% in the year to March. Rock Star Draghi Needs a New Song for Europe 2013-04-15T03:10:13Z By accepting some kind of punishment for his role in the credit crunch, Crosby is complicit in the notion that merit should be involved in the hierarchy of public life. The rules 2013-04-13T23:04:17Z Aside from these rather infamous names, Crosby, who was once deputy chairman of the City watchdog, joins a club that includes financiers also brought down by the credit crunch. Ex-HBOS chief joins Ceausescu on roll call of disgraced honorees 2013-04-09T18:47:23Z The lack of oversight led to the excessive lending that sparked a sub-prime mortgage crisis and in turn the credit crunch and banking meltdown. Bank of England to become one of world's most powerful central banks 2013-03-31T18:22:05Z These will both hurt, but be compounded by a ferocious credit crunch as the banks seek to shore up their balance sheets by lending less and at higher rates of interest. Cyprus bailout: deeply flawed – but a best effort in desperate times 2013-03-25T10:32:53Z The bank faces renewed questioning over its use of the now defunct Small Firms Loan Guarantee programme after evidence emerged that it broke guidelines during a period of heady bank lending before the credit crunch. Barclays faces new questions over lending to small firms 2013-03-21T17:53:46Z Rule #3: Serve The Underserved In my last post explaining why the FinTech revolution is only just getting started, I described how the global credit crunch left whole segments of consumers and small businesses abandoned. 10 Rules For Disruptors In The Financial Services Industry 2013-03-20T15:37:33Z Countrywide was bought by US private-equity firm Apollo Management for £1.1bn in May 2007, after a decade of booming house prices but just three months before the credit crunch hit and markets seized up. Countrywide flotation fuels optimism over housing market 2013-03-18T19:40:15Z Most lenders stopped making new jumbo loans when the private secondary market dried up in the credit crunch. Analysis: Jumbo mortgages are back, but at far from 2007 levels 2013-02-26T21:31:55Z The new premier should put an end to the credit crunch and rising unemployment. Allmendinger gets back in a Cup car at Phoenix 2013-02-26T18:04:10Z Through quantitative easing – open market operations to offset a private sector credit crunch by easing monetary conditions – the central banks have stopped the rot. Osborne must find reverse gear to drive the UK economy towards recovery 2013-02-24T00:01:04Z This week the property website RightMove eagerly reports "the busiest new year since the credit crunch", with the highest price jump. How to turn a housing crisis into a homeless catastrophe 2013-02-18T21:00:03Z This was followed by a downturn in prices and the credit crunch, which saw lenders reduce maximum loan-to-values on mortgages and tighten their borrowing criteria. First-time buyer mortgages highest in five years 2013-02-12T11:10:20Z Hourican explained the bank had not been focused on Libor in 2008, at the height of the credit crunch, because "when we took control of the bank it had had a cardiac arrest". RBS chief underpaid, says chairman 2013-02-11T21:41:17Z Geithner stuffed the banks with government cash during the credit crunch, even when they didn't want it, to get them back on their feet and lending again. Unpunished and unreformed, the bankers have got away with it 2013-02-08T10:50:01Z He added: "Today's dysfunctional housing market isn't the result of the credit crunch or more restrained mortgage lending, but decades of underinvestment in building enough affordable homes." Shelter figures show extent of 'dysfunctional housing market' 2013-02-07T00:01:04Z The 2008 crisis, which marked the start of the credit crunch, saw the government use £65bn of public money propping up Royal Bank of Scotland and Lloyds Banking Group. Osborne backs bank break-up powers 2013-02-04T19:16:18Z The deal is the largest of its kind since the 2007 credit crunch, which saw the end of easy access to funds for financing private equity-style buyout deals. Dell founder takes PC maker private in $24bn buyout 2013-02-05T15:38:28Z The words "credit crunch" were yet to enter common usage, and lenders were still being easy with . Negative equity plagues homeowners 2013-02-02T07:00:37Z Barclays, like several UK and US banks, sought funds from the Middle East at the height of the credit crunch. Barclays hit by new Qatar allegations 2013-02-01T09:01:08Z Mr Lesokhin adds the West's banking system is particularly exposed because it was the first to install computer systems and much of the sector was badly wounded by the credit crunch's knock-on effects. Decoding banks' software glitches 2013-02-01T00:14:41Z With the euro crisis stabilised for the moment, and the darkest days of the credit crunch passing into history, there was no fin-de-siècle feeling that the familiar comforts of the 1% might be swept away. Davos tackles tax, fracking and zombies in hunt for next big idea 2013-01-27T00:06:43Z "This is not just the traditional loan-to-own space but we also see much loan-to-loan to fill up the gap created by the credit crunch." Basking in the shadows? Regulators are watching you 2013-01-26T17:14:38Z A triple-dip recession, or the third prolonged downturn since the credit crunch began, will occur if the economy contracts again in the first quarter of 2013. Britain halfway to triple-dip recession as manufacturing sector stalls 2013-01-25T18:52:55Z That same year, Mario Draghi, the president of the European Central Bank, had it right: "We know for sure that we have avoided a major, major credit crunch, a major funding crisis." DealBook Column: Prophesies Made in Davos Don't Always Come True 2013-01-22T01:14:51Z After all, stagnation and outright recession – exacerbated by front-loaded fiscal austerity, a strong euro, and an ongoing credit crunch – remain Europe's norm. Risks lie ahead for the global economy 2013-01-21T14:30:35Z The combined effects of the housing crash with the credit crunch helped push the country into its worst recession since the Great Depression, with output shrinking during 2008 and the first half of 2009. Fed missed warning signs in 2007 as crisis gained steam 2013-01-19T21:02:29Z And Ms Yellen said in December that "the possibilities of a credit crunch developing and of the economy slipping into a recession seem all too real". Fed 'underestimated 2007 crisis' 2013-01-18T20:02:40Z The following month, he instituted a lending program for euro-zone banks to ease the credit crunch. Mario Draghi: The Man Who Would Save Europe 2013-01-17T18:19:23Z The decline in lending to Italian firms is exacerbating a credit crunch in the euro zone's third largest economy, which has been mired in a recession since 2011. Agnelli heir Lapo Elkann takes design firm along investor route 2013-01-14T15:34:07Z The property market has been suffering a severe depression since 2008, thanks to the after-effects of the credit crunch and the banking crisis. Is the mortgage freeze about to thaw? 2013-01-07T23:43:54Z If you didn't have a house before the credit crunch, it has proved pretty tricky to find the funds to buy one since. Supermarkets ready to talk turkey after Christmas 2013-01-06T00:08:33Z Remember the credit crunch of 2008, and how the banks nearly failed? Sayonara, netbooks: Asus (and the rest) won't make any more in 2013 2012-12-31T13:01:34Z Five years on from the start of the credit crunch, the financial sector is now under more scrutiny than ever. Banking reform: What has changed since the crisis? 2012-12-21T15:46:33Z It said last week that property sales would rise next year to their highest level since the start of the credit crunch in 2007, although this would still be 40% lower than then. Mortgage lenders predict pick-up 2012-12-20T11:25:19Z But as long as investors and depositors believe Beijing could tap its foreign exchange reserves to fund a bailout, a run on banks or a credit crunch for local governments and state-owned enterprises is unlikely. Analysis: Spectre of capital flight slows China FX reform drive 2012-12-19T21:01:30Z He said that the group expected property sales in general to hit their highest level since 2007, although this would still be 40% lower than at the start of the credit crunch. Rent 'to rise faster than prices' 2012-12-14T11:35:52Z If the recession deepens, the credit crunch worsens and reforms stall, he said, Italy may need external help to service its debts in the future. Rome Journal: As Mario Monti Prepares to Step Down, Italians Express Disappointment 2012-12-14T02:00:28Z Many of the loans were provided on top of Northern Rock's Together mortgage which was popular before the credit crunch, and allowed homebuyers to borrow more than their homes were worth. Northern Rock will repay £270m 2012-12-11T12:28:13Z GM, which owns the Opel and Vauxhall brands, wants to reduce capacity in Europe that has been saddled with too many factories in the wake of the credit crunch. Eurozone crisis live: Mario Monti's resignation pledge spooks markets 2012-12-10T15:43:00Z The museum closed in the same year and a move to London was cancelled because of the credit crunch. Loan items 'missing' from museum 2012-12-10T06:05:25Z The infusion of cash probably prevented a severe credit crunch in Italy and other countries. Next Steps for Italy Uncertain After Departure of Euro Zone Power Broker 2012-12-10T03:15:05Z The Bank of England will become the main regulator, taking responsibility for making sure the financial system becomes robust enough to withstand a future crash on the same magnitude as the 2008 credit crunch. Mark Carney the surprise choice as Bank of England governor 2012-11-26T16:42:02Z He was also criticised for aggressive short-selling as the credit crunch loomed. In defence of politics 2012-11-21T16:10:52Z Prior to the collapse of Northern Rock and the onset of the credit crunch, highly paid banking analysts were still issuing "buy" recommendations, entirely failing to spot the impending catastrophe. Martin Wheatley: the man whose job it is to protect you 2012-11-16T23:01:50Z The welfare and benefits system is being overhauled; the social housing sector will unlikely ever be the same as it was before the 2008 credit crunch and subsequent period of austerity. Century of housing expertise evolves as Grainger's social arm approved 2012-11-09T09:01:07Z That would be lower than in any year since 2007, which was just before the onset of the international banking crisis and credit crunch. Home repossessions 'fall further' 2012-11-08T10:20:26Z Another to a discussion of the progressive values after the credit crunch with prominent Labour advisors and Catholic theologians. Catholic teaching: A new political zeitgeist? 2012-11-05T01:11:36Z The family in The Middle live in a fictional town in Indiana After the "credit crunch", the equivalent of an entire generation's wealth was lost. What sitcoms say about America 2012-10-26T23:28:55Z China’s credit crunch also appears to be easing. At Trade Fair, Chinese Exporters a Bit More Optimistic 2012-10-15T12:14:30Z When the credit crunch first struck, analysts reckoned that households would cut back on costly organic produce but it seems the opposite is true, in North America at least. How to become an ethical investor 2012-10-12T22:01:04Z The business's debt burden is a legacy of a controversial takeover backed by Bank of Scotland just weeks before the credit crunch brought an abrupt end to a glut of leveraged buyout deals. David Lloyd Leisure faces painful refinancing 2012-10-09T17:44:32Z He retires next year after eight years in the job, during which he helped to steer the country through the banking crisis and the still-continuing credit crunch. Bank of England Governor: What does the job involve? 2012-10-08T14:31:19Z August—the fifth anniversary of the first signs of a credit crunch—even brought rays of hope for an orderly settlement. Companies and the euro crisis: Iron enters the soul 2012-10-04T15:05:52Z With their profit margins squeezed, financial institutions might be forced to raise borrowing costs to businesses, thereby intensifying a credit crunch that is already inhibiting growth. Bank of England Leaves Interest Rates and Stimulus Unchanged 2012-10-04T11:12:29Z The bursting of a share price/profit bubble will be a wave of corporate bankruptcies, which in turn could get the banks in trouble again, leading to a further credit crunch, and another recession. Inflation: The global output gap 2012-09-19T17:00:29Z That hurried conversation, as the banker gazed at an eerily quiet Hong Kong port, remains for me the best description of the global credit crunch that followed Lehman's cratering. French Banks Say Adieu to Financing Asian Trade 2012-09-04T01:08:38Z A second marina and a sea lock were also planned for the waterfront but work stalled in 2008 with the credit crunch. Uncertainty over marina future 2012-09-03T05:44:35Z How are you telling clients to change their borrowing strategy in light of an ongoing credit crunch? Boosting the Odds of Landing Business Credit 2012-08-30T18:01:53Z A typical mortgage on a new property now costs the average buyer 26% of their take-home pay, said Halifax, compared with 48% at their peak in late 2007 before the credit crunch struck. Average cost of buying home falls to lowest in 15 years 2012-08-26T23:01:04Z Prior to the credit crunch we were seeing a lot of people setting up farmland funds. English farmland prices treble in a decade as overseas buyers move in 2012-08-26T15:25:46Z The province saw a credit crunch last year as sources of informal lending dried up and sent scores of companies into bankruptcy. China banks under pressure as loans turn sour 2012-08-26T14:27:29Z When the effects of the credit crunch rippled beyond the US sub-prime market across to Europe, the Northern Irish market was revealed to be vastly overpriced - and homeowners vastly overexposed. Coping with Northern Ireland's burst property bubble 2012-08-16T11:03:13Z “That assumes the credit crunch doesn’t resume, Congress avoids the fiscal cliff, and Europe doesn’t collapse,” says Matus. The Vital Link Between Banks and Jobs 2012-08-14T18:52:34Z The collapse of the housing sector precipitated the credit crunch and ensuing recession, causing the loss of millions of jobs and massive hardship. It’s not the economy, stupid 2012-08-10T11:45:00Z The survey was published on the fifth anniversary of the start of the credit crunch, the subject of the now well-known phrase from ex-Northern Rock chief Adam Applegarth. Financial crisis, five years on: trust in banking hits new low 2012-08-09T07:22:01Z Short link for this page: http://gu.com/p/39j3d It's five years ago today since the credit crunch began. Eurozone crisis live: Upbeat markets await ECB health check 2012-08-09T07:25:00Z Five years on, picking through the subsequent career histories of those who sparked first the credit crunch and then the crash, the suggestion of omnipotence sounds absurd. Credit crunch: elusive ghosts of the financial feast lurk in the shadows 2012-08-06T21:32:40Z The Guardian said the action involved pumping billions of pounds into the financial system to calm nerves amid fears of a credit crunch. Three myths that sustain the economic crisis 2012-08-05T14:05:51Z Five years ago this week the world woke up to the fact that a credit crunch was definitely happening. The credit crunch began five years ago; today it's worse. How long will it last? 2012-08-04T23:06:15Z The way the group financed itself, "a reckless business model excessively reliant on wholesale funding" according to MPs, had been caught short by the credit crunch. Financial crisis, five years on: trust in banking hits new low 2012-08-09T07:22:01Z His resignation, after only a year in the job, coincided with the start of the credit crunch that led to the run on Northern Rock a month later. Benny Higgins, the man behind Tesco's push into the mortgage market 2012-08-03T23:01:14Z What are his views on the aftermath of the credit crunch and how banks and regulators have responded? Credit crunch: elusive ghosts of the financial feast lurk in the shadows 2012-08-06T21:32:40Z By serving as the lender of last resort, the FHA almost single-handedly kept the housing market functioning through the credit crunch. The Federal Housing Administration: When loans turn sour 2012-08-02T15:10:00Z However, with the rate so low anyway, another cut would not be likely to do much to ease a credit crunch, particularly in a country like Spain that is facing a banking crisis. Euro Watch: Markets Await Action on Euro 2012-08-02T08:57:47Z They were burned by the credit crunch, by their own reckless lending to a housing bubble and to spendthrift governments. Eurozone crisis: the bankers are happy to play Nero as Europe burns 2012-07-31T20:00:01Z The global credit crunch meant finance dried up for developers, exacerbating a supply shortage of homes across Britain and in London, a popular market for overseas buyers. Wrecking ball awaits art deco Olympic volleyball venue 2012-07-31T09:16:41Z For most of the past decade, and especially since the credit crunch, it has been a commonplace to talk of power shifting from west to east. What the Olympics opening ceremony tells us about our economy 2012-07-30T19:00:05Z All would have been more intellectually interested in how to deliver growth in the wake of a credit crunch. George Osborne: the worst of all the British chancellors I've known 2012-07-28T12:28:02Z "We are looking at recovering some of the market we lost during the credit crunch and building on it," said Dawe. Wish you were here? Olympics hoped to be tourist draw 2012-07-26T17:27:21Z This is another response to the company losing clients during the credit crunch, with difficult trading at its key AHL fund. Man moves higher as hedge fund group announces more job cuts to stem decline 2012-07-24T08:52:53Z When the credit crunch began, regulators and ministers talked of its cause as being largely an industry blinded by science: all those CDOs and CLOs that no bank boss had understood. Banking: the school of low expectations 2012-07-22T19:48:15Z Worse, banks are to be given a year to meet this target: that is an invitation to banks to continue to deleverage, raising the spectre of a continued credit crunch. Rajoy Needs to Stand Up to Spain's Banks 2012-07-16T09:02:41Z This "imaginary money" is better known today as credit, giving William of Orange the dubious honour of paving the way for not only the National Debt, but the credit crunch as well. Who invented the National Debt? 2012-07-11T12:45:28Z Unlike the rest of Italy, there is also no sign of the credit crunch that is choking off small enterprises elsewhere. Analysis: Tourism helps South Tyrol defy Italian recession 2012-07-11T14:41:28Z He was slow to see the havoc that would follow the credit crunch, and wrongly applauded the coalition's cuts. World economy: banking on disaster 2012-07-08T21:49:44Z Instead, the document, published in the Financial Times, "simply proposes legitimate policy improvements" to reduce the cost of banks lending to each other during the credit crunch, Labour said. UBS note deepens UK political row over rate-fixing 2012-07-07T20:37:59Z The problem is that during the credit crunch, banks did not want to lend money to each other on any terms. US demands tough Libor regulation 2012-07-04T13:08:59Z Gary Hoffman, who came to prominence as boss of the nationalised Northern Rock, was on the Barclays board at the time of the credit crunch. Bob Diamond resigns from Barclays – but who should replace him? 2012-07-03T12:48:43Z We saw this in the causes of the credit crunch when the investment bankers devised an alphabet soup of toxic products – CDOs, CLOs, CDOs-squared – and sold them to customers of the banks. Traders are the ruin of retail banking 2012-07-01T21:00:01Z There is still an inter-bank credit crunch across Europe and all three sectors - consumer, banks and governments - are still overwhelmed by bad debt. Europe: Back from the brink 2012-06-29T11:09:54Z A number of borrowers who took out 'sub-prime' loans before the credit crunch struck also pay an interest rate determined by Libor. Does Barclays Libor scandal affect me? 2012-06-28T10:59:21Z An increase in the rate shows the banks are nervous and the credit crunch is getting worse. Bob Diamond is a serial offender. Such bankers should be shown the door 2012-06-28T11:14:06Z There is a credit crunch or something very close to that going on. Analysis: Money's retreat home threatens globalization 2012-06-25T17:27:03Z The inability of banks to distinguish these two types of risk is partly why, during the credit crunch, the most innovative UK firms are being hit the hardest. Banks must learn to reward the good risks 2012-06-24T21:00:01Z The credit crunch returned, this time because of the euro zone debt crisis. Insight: Belgium, France risk billions on penny stock Dexia 2012-06-21T07:16:51Z He said: "Once the credit crunch is over I'm going to be quids in." Husband and wife jailed for insider dealing 2012-06-20T18:33:03Z He misunderstood how the credit crunch was caused by the banks and would bring them all tumbling down. Bob Diamond is a serial offender. Such bankers should be shown the door 2012-06-28T11:14:06Z "It does not prevent a credit crunch and it does not stop a run on the bank." Chancellor hails banking reforms 2012-06-14T21:51:41Z Stronger lenders to the north are unwilling to step in for fear of pouring good money after bad and getting sucked deeper into the vortex of the widening credit crunch. Here's an Extreme Idea: Shut Euro-Zone Central Banks 2012-06-14T20:52:09Z The O'Donnells had taken advantage of cheap credit, offered by Irish banks before the credit crunch, to build up a huge set of properties, including an office block metres from the British Houses of Parliament. Irish property pair seek to file for bankruptcy in UK 2012-06-13T20:21:10Z In the first four months of this year, according to Vietnam Ministry of Planning and Investment, some 18,000 businesses went bankrupt after falling victims of the credit crunch fuelled by inflation. Vietnamese not feeling effects of slowing inflation 2012-06-13T16:08:45Z Four years ago, at the height of the credit crunch when the car industry was in dire straits, he left the sector to join Royal Bank of Scotland. Car firms seek finance and skills 2012-06-12T23:02:58Z High Frequency Economics economist Carl Weinberg said he fears a replay of slowing world trade driven by a credit crunch similar to 2008-2009. Europe's trouble hits home 2012-06-10T15:51:00Z “The theory was that when the credit crunch hit, you would see home sizes get smaller,” he said, “and that is not what happened in New York.” Brooklyn’s Gold Rush 2012-06-02T16:12:40Z When the credit crunch began to bite the couple found it difficult to pay back their debts. Irish property pair seek to file for bankruptcy in UK 2012-06-13T20:21:10Z Despite the liqudity help, the banks were reluctant to lend, raising the chances of a credit crunch in Europe that would wreck growth prospects and cause unemployment to rise from current 15-year highs. Spanish bailout fears rock European stock markets 2012-05-30T17:56:39Z Despite the liqudity help, the banks were failing to lend, raising the chances of a credit crunch in Europe wrecking growth prospects and causing unemployment to rise from current 15-year highs. Eurozone faces 'financial disintegration' unless it acts again, warns commission 2012-05-30T11:00:50Z "Data suggests exports are imploding yet again in the nascent credit crunch that originates in Euroland," he said. Europe's trouble hits home 2012-06-10T15:51:00Z As I did so, the credit crunch unfolded; large institutions previously presumed to be immovable features of the economic landscape teetered on the brink of collapse. Let this be a sign 2012-05-24T01:49:55Z Banks would then be even more reluctant, and less able, to lend to one another, potentially sparking a second credit crunch, where bank lending effectively dries up. Q&A: Greek debt crisis 2012-05-16T12:06:53Z It marked minus 167.5 in November when investors feared another credit crunch. Global shares recover a bit, though fear on Greece remains 2012-05-17T03:49:52Z Federal Reserve in scope, was to avoid a credit crunch. News Analysis: If Europe Turns Away From Austerity, Who Will Foot the Bill? 2012-05-08T19:27:20Z On Wall Street, bonuses survive a sharp decline in profits; the European Central Bank soothes fears of a credit crunch; Eduardo Porter asks if there were alternatives to the stimulus package. | February 29, 2012 2012-02-29T16:31:59Z Arranged alphabetically to create a form of concrete poetry, the words and phrases scrutinise the miasma of rhetoric, hyperbole and, sometimes contradictory terms used to describe the credit crunch. Let this be a sign 2012-05-24T01:49:55Z Mario Draghi, the president of the E.C.B., said the loans were designed to avert a credit crunch, but there are signs that many banks are hoarding cash rather than lending to businesses and consumers. European Banks Flock to Second Round of Cheap Loans 2012-02-29T11:34:03Z Airlines were badly burned in 2009 following the credit crunch and drop in business and leisure travel. Summer Bummer: Higher Gas Prices Means More Expensive Airfares 2012-02-29T12:05:40Z Northern Rock was nationalised in 2008 after struggling in the credit crunch. '?11bn profit' from Northern Rock 2012-02-28T16:37:11Z “I’m not pessimistic about Europe and I think we’re probably over the worst in terms of the credit crunch.” Samsonite Expects European Travel Market to ‘Go Back Slightly’ 2012-02-27T18:23:43Z The big question for Europe is obviously the political side and the potential credit crunch. Profits Trailing by Most on Record Can’t Stop Europe Stock Rally 2012-02-27T08:03:44Z The central bank announced a cut in lenders’ reserve- requirement ratios last weekend for the second time in three months, amid concern a credit crunch will curb lending to small companies. China’s Cheap Stocks to Extend Rally, ABN Amro’s Roth Says 2012-02-24T09:19:29Z Mr. Rehn also argued that there were no signs of a credit crunch following the intervention in December by the European Central Bank, when it offered cheap, longer-term loans to the banking sector. E.U. Forecasts ?Mild Recession? for Euro Zone in 2012 2012-02-23T11:47:17Z Banks, fearing a global credit crunch brought on by Europe's sovereign-debt struggles, are lending less, reducing the flow of currency across borders. Currency Market in Quiet Mode 2012-02-21T23:34:05Z The board is charged with overseeing efforts to write new rules for international finance to help avoid another global credit crunch. Canadian Economy Suffers Parity’s One-Eyed King in Land of Blind 2012-02-21T08:02:11Z China reduced the amount of money banks must set aside as reserves for the first time in three years in December as capital inflows dried up amid Europe’s debt crisis, exacerbating a domestic credit crunch. China Sees Renewed Capital Inflows, Expectations for Yuan Gains 2012-02-16T00:09:37Z To make matters worse, the credit crunch in 2008, and ensuing economic downturn, hit Murray's other business interests hard. The fall of Rangers Football Club 2012-02-15T09:51:25Z The European Central Bank in December flooded the banking system with cheap money to avert a credit crunch. European Banks Lose Trading Share to U.S. as Crisis Cuts Revenue 2012-02-14T08:42:25Z At the same time, the FSA is imposing more rigorous capital standards and writedown rules, a development industry groups are warning will exacerbate a credit crunch. Danish Bank Law Gets Backdoor Overhaul to Accelerate Mergers 2012-02-13T15:33:11Z The European Central Bank eased the credit crunch threatening the banking sector by flooding it with euros, but the banks’ balance sheets remain vulnerable to the sovereign debt crisis. Europe?s Debt Crisis: Back from the Brink? 2012-02-13T08:29:44Z Derivatives created a booming global economy, but they also led to turbulent markets, the credit crunch, the near collapse of the banking system and the economic slump. The mathematical equation that caused the banks to crash 2012-02-12T00:05:19Z After the credit crunch many banks started demanding hefty deposits from mortgage borrowers of 20% or more. New deals as stamp duty holiday ends 2012-02-11T00:01:18Z The force ignored the credit crunch and lifted not a finger against their financers, the banks – but they have been fearless against horse-racing and soccer. In most countries the Harry Redknapp case wouldn't have reached a jury 2012-02-09T20:30:01Z That step compensated for a dearth of market funding for banks, and may help avert a full-scale credit crunch, analysts say. Bank of England Expands Asset Purchases to Prop Economy 2012-02-09T12:14:47Z At the height of the worst credit crunch and recession in living memory, the BoE did pretty much everything in its power to prevent a more pronounced contraction. Bank of England cranks up the printing presses for another round of QE 2012-02-08T17:03:48Z According to Powell the problems were brought on by the global economic slowdown; when the credit crunch hit in 2008 external funding for the plant collapsed. Trouble in Paradise: How a Caribbean Experiment in Geothermal Went Awry 2012-02-07T00:35:37Z A possible region- wide recession could be deepened by a credit crunch or budget cuts, while potential political land mines include Greek and French elections. Euro Markets Rebound as Investors Affirm Draghi-Merkel Policies 2012-02-06T05:12:53Z “This was encouraged by the improved global macro data for December and easing credit crunch fears.” Emerging Funds Post Sixth Week of Inflows, Citigroup Says 2012-02-03T10:24:28Z The E.C.B. will offer another round of three-year loans at the end of this month, a move that analysts expect to further guard against a credit crunch. European Banks Cut Lending Sharply at End of 2011, E.C.B. Data Show 2012-02-01T20:04:43Z The ECB is flooding the banking system with cheap money in a bid to avert a credit crunch after the market for unsecured bank debt withered and funding from U.S. money markets dried up. Worst Earnings Since 2006 Fail to Dent Rally in European Stocks 2012-02-01T08:26:10Z "Signs of a modest credit crunch in the euro zone are amplifying," said Christian Schulz, senior economist at Berenberg. Euro-Zone Bank-Lending Growth Slows 2012-01-27T11:54:22Z The loans also enabled banks to bolster their own accounts, lend to customers or buy higher- returning assets, helping to avert what Draghi said Jan. 27 was a “major credit crunch.” Euro Markets Rebound as Investors Affirm Draghi-Merkel Policies 2012-02-06T05:12:53Z The requirement, known as a liquidity coverage ratio, would require lenders to hold enough easy to sell assets to survive a 30 day credit crunch. Bank-Capital Rule on Sovereign Debt Targeted by EU Lawmakers 2012-01-24T01:49:11Z “A credit crunch would tip the euro zone back into a severe recession,” Marie Diron, an economist who advises the consulting firm Ernst & Young, said in a statement. European Banks Cut Lending Sharply at End of 2011, E.C.B. Data Show 2012-02-01T20:04:43Z The findings reflect government incentives pushing investment for environmental projects in Scandinavia and Japan and the credit crunch across the U.S. and Europe that restrained bank’s appetite there for taking on additional risk. Green Bond Bankers From Japan to Sweden Beat U.S. to $7 Billion 2012-01-23T23:45:25Z The ECB is flooding the banking system with cheap money in a bid to avert a credit crunch after the market for unsecured bank debt seized up and funding from U.S. money markets dries up. EU Banks May Deepen Dependence on Central Bank’s Unlimited Loans 2012-01-23T02:43:08Z A recession that may already be under way in the euro region could also be deepened by a credit crunch and crisis-inspired austerity measures. Europe Gives Euro Doomsayers Pause With Dormant Davos Sanatorium 2012-01-22T23:43:40Z After the financial crisis of 2008, the Queen of England asked economists, “Why did no one see the credit crunch coming?” Economists: A Profession at Sea 2012-01-19T07:00:14Z The data may be seen as partly confirming complaints by banks that regulator pressure is raising the risk of a credit crunch. European Banks Cut Lending Sharply at End of 2011, E.C.B. Data Show 2012-02-01T20:04:43Z In late 2008, as a credit crunch swept the globe, Iceland’s once-thriving banks folded under the weight of their massive and risky financial bets. Geir Haarde, Iceland?s ousted leader, awaits trial over role in financial crisis 2012-01-18T19:31:27Z The risk of “excessive and disorderly deleveraging as well as a credit crunch” looms over the region, they said. Eastern Europe May Need Funding Deal to Avert Credit Drought 2012-01-18T10:13:09Z While the debt is backed by savings including pensions, those assets are largely illiquid and may be difficult to tap in a credit crunch. Denmark’s AAA to Survive Record Private Debt, Fitch, S&P Say 2012-01-18T07:22:57Z Rating agencies were criticized for awarding high ratings to securities based on sub-prime U.S. mortgages which later became untradeable when home owners defaulted on their loans, sparking a global credit crunch whose effects still reverberate. S&P downgrade may spark tougher EU ratings curbs 2012-01-16T14:26:23Z It will make the same offer in February, fostering hopes that it can avert a credit crunch and helped bolster struggling euro zone debt issuers to boot. S&P, Greek standoff pressure euro zone to boost defenses 2012-01-15T22:16:51Z The European Central Bank's move last month to flood banks with cheap three-year liquidity helped ease a worsening credit crunch and provided funds which governments hope some will use to buy sovereign bonds. S&P cuts ratings for 9 eurozone countries 2012-01-13T22:45:14Z The lenders, which bankrolled eastern Europe’s boom before the 2008 credit crunch, are already squeezed by deteriorating loan quality and slowing economic growth. East Europe Policy Makers Said to Meet on Credit Concerns 2012-01-13T15:07:09Z The lenders, which bankrolled eastern Europe’s boom before the 2008 credit crunch are already squeezed by deteriorating loan quality and slowing economic growth. East Europe Policy Makers Said to Meet on Credit Crunch Concerns 2012-01-13T02:04:10Z “Further rate cuts will only be forthcoming if, for example, we see signs of an outright credit crunch.” Draghi Says Weaponry Working After ECB Postpones ‘Armageddon’ 2012-01-12T19:39:01Z “We have to be extremely careful here, because there may be other reasons that create a credit crunch.” Europe Banks Resist Draghi Bid to Avoid Crunch by Hoarding Cash 2012-01-11T06:25:09Z Banks are selling profitable businesses and curbing lending to improve capital ratios and avoid government bailouts, even after the European Central Bank provided unprecedented three- year loans to avert a credit crunch. UniCredit Plunge Seen Deterring EU Banks From Selling Shares 2012-01-10T06:32:54Z “If banks cut lending to achieve capital adequacy, we should expect a really, really big credit crunch and really deep economic downturn to ensue,” said Carl B. Weinberg, chief economist at High Frequency Economics. DealBook: UniCredit's Weak Share Offering Is Poor Omen in Europe 2012-01-10T02:19:45Z Both labor unions and business leaders are calling on the government to inject liquidity into the Italian economy to prevent a credit crunch from worsening. Monti Shifts Emphasis in Italy to Growth 2012-01-09T17:13:52Z “This is finally the economy throwing off the shackles of the credit crunch.” U.S. Adds 200,000 Jobs; Unemployment Rate at 8.5% 2012-01-06T13:58:09Z “We must avoid a credit crunch for our economies,” European Union President Herman Van Rompuy said on Jan. 9. Europe Banks Resist Draghi Bid to Avoid Crunch by Hoarding Cash 2012-01-11T06:25:09Z The ECB also loaned banks a record 489 billion euros for three years on Dec. 21 to avert a credit crunch sparked by the debt crisis. Refinancing Race to Dominate Year 3 of EU Crisis 2012-01-04T16:09:37Z If there is one difference going into this year as compared to last, it is the likelihood today of a European recession precipitated by a credit crunch among the continent's banks. Dollar Defied Reality 2012-01-02T20:58:16Z As the new year starts, there are signs of life in the U.S. economy and glimmers of hope that the European Central Bank is slowly moving to contain a growing credit crunch. World's Woes Leave Lasting Scars 2012-01-02T21:26:38Z Northern Rock, the victim of the first run on a British bank in many decades, was nationalized three years ago after nearly collapsing during the credit crunch. UK sells Northern Rock to Virgin despite protest 2012-01-01T11:35:45Z “Monetary policy cannot do everything, but we’re trying to do our best to avoid a credit crunch that might come from a lack of funding,” Draghi said Dec. 19 at the European Parliament in Brussels. Europe Banks Resist Draghi Bid to Avoid Crunch by Hoarding Cash 2012-01-11T06:25:09Z The auction was Italy’s first since the ECB offered 489 billion euros in loans to European banks last week in a bid to avoid a credit crunch. Italy Sells €9B Debt as Borrowing Costs Fall 2011-12-28T18:39:08Z The E.C.B., as part of its effort to prevent a credit crunch, also broadened the collateral it will accept in return for loans. Demand for E.C.B. Loans Surpasses Expectations 2011-12-21T11:00:04Z The European Central Bank increased bond purchases last week and it will offer three-year loans to banks this week to prevent a credit crunch. U.K. Budget Deficit Narrowed More Than Forecast in November 2011-12-21T10:11:38Z Faced with a potential credit crunch, the regulator told banks to raise the money from investors, retained earnings and lower bonuses. Banks May Flock to ‘Free Money’ as ECB Awards Three-Year Loans 2011-12-21T01:14:50Z “Companies want to keep liquidity because in case of a credit crunch, they would not get money from the banks.” Failed Deutsche Telekom Deal May Push German M&A to 8-Year Low 2011-12-20T23:44:52Z The ECB will today offer banks unlimited cash for three years at its benchmark rate of 1 percent to encourage lending and stave off a credit crunch. Spain Sells 5.64 Billion Euros in Bills as Yields Drop 2011-12-20T13:43:41Z Spanish and Italian bonds gained as the ECB prepares to offer banks unlimited cash at its benchmark rate of 1 percent to encourage lending and stave off a credit crunch. Spain Beats Bill Sale Target, Yields Drop Before ECB Tender 2011-12-20T12:35:01Z The ECB will tomorrow offer banks unlimited cash for three years at its benchmark rate of 1 percent to encourage lending and stave off a credit crunch. Constancio Sees ‘Significant’ Demand for Three-Year Loans 2011-12-19T22:02:23Z |
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