Third on this month's list was a corporate credit crunch.
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The credit crunch hurts entrepreneurs like fashion designer Yenny Bastida.
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Today, there is a real estate credit crunch in India.
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So we don't have a genuine credit crunch across the board.
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This rush for credit has many worried about an impending credit crunch.
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There is little evidence of a credit crunch in the US economy.
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For all intents and purposes, the credit crunch is over, analysts say.
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Waning Chinese demand and an industry credit crunch have been hurting the sector.
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One potential risk involved in trying to contain financial risks is a credit crunch.
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That blindsided investors and contributed to the credit crunch, advocates of the change say.
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Liquidity concerns at non-banking finance companies caused a credit crunch that spooked investors.
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"We should expect a mild version of a credit crunch," says Francesco Filia of Fasanara.
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A financial crisis is a credit crunch and that's just not what we're experiencing now.
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Each phase ended in a crisis (stagflation in the 1970s, a credit crunch after 33).
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With a serious credit crunch now underway, it may well spread beyond the energy patch.
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This could lead to a massive credit crunch like the one we saw in 269.
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But while a credit crunch no longer existed, "there just isn't the demand (for loans)".
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Among other things, the credit crunch means there are relatively few buyers for municipal bonds.
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A credit crunch led the government to dip into reserves to bail out banks and firms.
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The largest depressant on American growth is the credit crunch for African-American households and businesses.
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That has led to concerns that a turn in market sentiment could result in a credit crunch.
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In hindsight, the pivotal year was 2007, when the credit crunch started and the iPhone was launched.
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Other risks include geopolitics, a credit crunch, a more hawkish Fed and the end of quantitative easing.
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"This wave of defaults is a result of credit crunch caused by enhanced regulation," China Everbright said.
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It was also the first step taken by any major authority to tackle the unfolding credit crunch.
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Fed intervention will be necessary to avert a widespread credit crunch or liquidity crisis, the firm added.
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Such measures could ease a potential credit crunch for companies, which rely heavily on borrowing to function.
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The credit crunch is affecting small and medium-size businesses, too, said Atilla Yesilada, an investment analyst.
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But the credit crunch produced a much broader slowing in the Chinese economy in 2018 than expected.
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If that happens, we turn into a sort of quasi-credit crunch as we have seen in 2011.
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"There will be an EM credit crunch and central banks will have to deal with it," he says.
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In November, the IIF warned of an approaching credit crunch in EMs as bank lending conditions deteriorated sharply.
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Not long into my self-education, the credit crunch hit, and then it turned into the Great Recession.
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It deserves more attention, with maybe less focus on the few months of credit crunch after Lehman fell.
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Over all, there is growing evidence that a credit crunch is taking a toll on the Chinese economy.
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In Italy, where low interest rates have helped ease a severe credit crunch, sentiment runs the opposite direction.
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"It is not a credit crunch yet and it liquidity measures are critical to stopping that," he said.
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They plan to announce details by end-June to ensure the banks do not run into a credit crunch.
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Caravans were among the first big-ticket items to go in the credit crunch, but recently growth has returned.
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Breakingviews explains how the People's Republic might avert a meltdown, but might find a credit crunch harder to dodge.
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If economics is so good at forecasting things, how come nobody saw the credit crunch and Great Recession coming?
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When that debt was found to be toxic, money markets stepped back, helping to trigger a global credit crunch.
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But the renminbi's fall corresponded to a credit crunch in China and the precipitous slowing of the Chinese economy.
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Similarly, financial regulators are right to worry that the next crisis may not resemble the credit crunch of 20083-08.
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That was a time before 9/11 or the credit crunch, when the West was still prosperous and at peace.
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"The main issue is how to boost credit growth," the member said referring to the credit crunch facing small companies.
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Indeed, on July 5th the bank reduced capital requirements for banks, in a bid to stave off a credit crunch.
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Chinese banks have only a minor presence there, so the dangers of a China-led credit crunch are much smaller.
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Prospects looked pretty bleak, and in the days of the "credit crunch", I accepted whichever shitty job would take me.
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If past is prologue, such a sharp dialing back in risk could be the start of a global credit crunch.
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A credit crunch, a cooling growth rate and underwater construction loans all flew in the face of a stable, harmonious China.
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Stracke's report said tighter regulations are already helping the banking sector and warned that a breakup could prompt another credit crunch.
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But the reason we have lower homeownership rates is that we came of age during a massive recession and credit crunch.
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Ben Bernanke wrote a paper arguing that the financial crisis and the resulting credit crunch were central to the Great Recession.
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South Korea warned of a global credit crunch and said it was setting up crisis funds to stabilise its financial markets.
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After the credit crunch of 2008, a flood of laid-off factory workers and experienced adults wanted to work for Mr Arellano.
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NBFC's have been battling a credit crunch since IL&FS, or Infrastructure Leasing & Financial Services, collapsed in late 2018 amid fraud allegations.
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Banks could lose depositors to untested neobanks, creating a mismatch between their assets and liabilities that could lead to a credit crunch.
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Shipping firms and banks are caught in a vicious circle of debt, causing a credit crunch that is hindering the industry's recovery.
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Too many of the EU's regulatory initiatives after the credit crunch, though worthy enough in isolation, were far too burdensome — especially cumulatively.
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Households and businesses did face a real "credit crunch" as banks retrenched and restricted lending to all but the most sterling borrowers.
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The tariffs have also hurt the Chinese economy, piling on to the effects of a sharp but temporary credit crunch last year.
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The decline in disbursements has lost steam, though, Rabello de Castro said, as the country reels from a three-year credit crunch.
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" Economic forecasts on the eve of the credit crunch and the Great Recession were, he says, "not just wrong but spectacularly so.
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Given this goal — to avert systemic crises and downturns — the credit crunch and the Great Recession were, for macroeconomics, an intellectual disaster.
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"There won't be a shortage of financial services or a credit crunch...on the continent after Brexit," Joachim Wuermeling said at a briefing.
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Some economists are increasingly confident that the credit crunch is showing signs of having hit bottom amid Brazil's worst recession in eight decades.
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Chinese FDI in Africa shows no sign of slowing, even as it goes through a credit crunch and a run on its stock market.
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The company has also defaulted on its debt obligations, roiling Indian markets and sparking worries of a credit crunch in the shadow financing sector.
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IL&FS is a major Indian infrastructure finance and construction company, which has built up big debts and is now facing a credit crunch.
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This action will help pump in desperately needed liquidity into the market place so that we can help fight back the impending credit crunch.
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The net effect is that Australia is now "decoupling further from the global recovery, with the consumer facing a cash flow and credit crunch".
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The authorities are at least likely to tread carefully, given the potential for policy mis-steps - such as the possible triggering of a credit crunch.
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Consumer balance sheets are in solid shape and improvements in banking sector capitalization since the financial crisis reduce the risk of a global credit crunch.
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Sparking fears of a credit crunch, U.S. regulators said last month Deutsche Bank should pay $113 billion to settle claims related to selling mortgage securities.
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A stabilising force The Bank of England relaxed capital requirements for banks, as it tried to reassure markets that Britain would avoid a credit crunch.
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The credit crunch created an opportunity for Neyber, which had room to step in as an alternative lender as banks shied away from offering credit.
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A report by the TUC, published on Wednesday, shows that real earnings have declined more than 10% since the credit crunch began in 2007. bit.
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The slowing economy weighed on its already dismal attendance prospects, while the simultaneous credit crunch saw lenders pull back, unwilling to take on more risk.
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Let me focus specifically on investment, which is what you'd expect a credit crunch to depress — and which did indeed plunge in the Great Recession.
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In India, another huge market where carmakers had invested heavily, consumers held off on big purchases because of a credit crunch and a weakening economy.
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Calenda said if the ECB's proposals were adopted Italy would risk a credit crunch that would hurt its small and medium sized companies particularly hard.
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Lebanon has one of the world's highest ratios of debt to gross domestic product and is struggling to implement reforms needed to avoid a credit crunch.
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LONDON (Reuters) - 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.
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The move comes as the coronavirus pandemic has spread panic in financial markets, raising the spectre of a global credit crunch and dislocation of dollar funding.
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Ten years ago in the U.K., MDMA supplies dried up and the credit crunch devalued the pound by 25 percent, making cocaine more expensive to import.
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That could help them weather trade frictions, however long they last, and bounce back from a recent credit crunch that has particularly affected smaller private companies.
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During the height of the global credit crunch, the Fed's dollar swap line reached a peak of $582 billion in December and averaged $238.35 billion between Dec.
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The Chinese credit crunch and the crash of the Shanghai Composite should have come as a surprise to no one… with the benefit of 20/20 hindsight.
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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.
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The 13 percent fall in equity trading revenue was the biggest since 2008, when the global credit crunch crashed world markets and plunged the global economy into recession.
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A mountain of bad debt in India's banking system has led to a prolonged credit crunch that has been inflicting most pain on small- and medium-sized enterprises.
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"Last week, the spike in the credit default swaps on Deutsche Bank raised significant concerns of a credit crunch Round Two-type scenario," said Charles Hanover Investments' Davies.
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The credit crunch in 21847 triggered a panic when people throughout the financial system wondered whether the numbers on balance sheets meant what they were supposed to mean.
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In China, tariffs have piled on to the damaging effects of a sharp but temporary credit crunch last year, further weakening consumer confidence and growth in industrial production.
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After multiple delays, a credit-crunch, a recession, new owners and a name change, the first phase of American Dream, formerly known as Xanadu, opened on October 25th.
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An unstable lira would cause huge problems for investors and banks across the globe that have interests in Italy, as well as a massive credit crunch within the country.
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The 2000s saw an explosion in the bundling up of securitised mortgages into collateralised debt obligations (CDOs) which went on to play an infamous role in the credit crunch.
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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.
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Alarm over potential for a credit crunch had heightened on Friday when bonds issued by Dewan Housing Finance Corp were sold by a large fund manager at hefty discount.
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Several Indian non-banking finance companies (NBFCs), including DHFL, have been stung by an acute credit crunch sparked by the collapse of Infrastructure Leasing & Financial Services late last year.
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"Since the onset of the credit crunch in 2008, more than 1,450 Irish SMEs raised venture capital of €3.6 billion ($4.3 billion)," Breheny told the Irish Independent in November.
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An unstable lira would cause huge problems for investors and banks across the globe that have interests in Italy, as well as a massive credit crunch within the country.
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The shadow banking sector has been battling a credit crunch ever since one of the sector's biggest firms Infrastructure Leasing & Financial Services collapsed in late 2018 amid fraud allegations.
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"Local factors such as credit crunch, higher taxation are also hurting exports," he said, referring to banks tightening up on lending and higher taxes on cut and polished diamonds.
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GE's debt struggles in 2018 have been well documented with Saxo predicting more companies could enter the vortex of a corporate credit crunch with Netflix one of those affected.
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This was right in the midst of the global credit crunch: Bear Stearns had been rescued only a few months before, and Lehman Brothers would collapse a few weeks later.
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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.
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He argued that a countercyclical buffer, built up during more prosperous times, could be released during periods of strain and this may prevent a credit crunch, which usually aggravates downturns.
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A deepening credit crunch in India's shadow banking industry following the collapse of a major infrastructure lender in 2018 has sharply dented spending on cars and real estate in India.
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This final phase of money fund reform is intended to safeguard a sector that was rattled by the collapse of Lehman Brothers during the global credit crunch in September 2008.
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These measures give banks little excuse not to lend, provided households and businesses want to borrow, and reduce the risk of a sharp but temporary slowdown turning into credit crunch.
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India is struggling to get growth back on track after a credit crunch caused by problems among consumer finance providers and a slowdown in spending around its recent general election.
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Freeing up more liquidity now could also ease the risks of a credit crunch ahead of the long Lunar New Year holidays later this month, when demand for cash surges.
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The country's shadow banking sector, a key source of credit to millions, has been plagued by a credit crunch triggered by the collapse of lending major IL&FS last year.
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Weighed down by a mountain of corporate debt, a credit crunch and a plummeting lira, GDP shrank by 1.8% in the third quarter of this year, the first contraction since 2009.
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The non-banking finance companies, also known as shadow lenders, have been battling a credit crunch since IL&FS, or Infrastructure Leasing & Financial Services, collapsed in late 2018 amid fraud allegations.
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While not at risk of a credit crunch, Oman has been downgraded to junk by all major credit rating agencies, becoming the weakest debt market link among Gulf Arab oil exporters.
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LONDON (Reuters) - The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say.
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The credit crunch of 2008-09 led to a decline in the value of the scheme's assets while long-term interest rates plunged, increasing the cost of its liabilities (paying pensions).
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The removal of discounts for first-home buyers echoes the credit crunch during property tightening cycles in 2011 and 2014, said Zhang Dawei, Beijing-based chief analyst at property agency Centaline.
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This could help if there was a credit crunch for households or for small firms by providing lenders with a backstop, but it would not restore demand for credit, HSBC said.
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"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.
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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.
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The components of 'phase three' Republicans view the components of this stimulus package in three buckets: stimulus for individuals, industry assistance and mechanisms to mitigate the credit crunch on small business.
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These will include the triggering of a major credit crunch and the bursting of the "everything" global asset-price bubble that had been caused by years of ultra-easy monetary policy.
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Mnuchin announced Sunday afternoon that he had spoken to the heads of the six largest U.S. banks and said there was no reason to expect a credit crunch or market meltdown.
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HBOS, which owned the Halifax and Bank of Scotland brands, suffered heavy losses in the 2008 financial crisis and neared collapse as its funding was cut off by the credit crunch.
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A technical mission from the International Monetary Fund (IMF) is expected in Buenos Aires next week to discuss obligations owed to the fund and Argentina's credit crunch, amid recession and high inflation.
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Cheery, optimistic Reaganism is dead; the Bush administration helped kill it with Iraq, the credit crunch and a series of ethics scandals that prepared the GOP base nicely for compromise with Trump.
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That led, in turn, to a run on Barings Bank, which was bailed out but not before sending shock waves around the world, leading to a widespread banking panic and credit crunch.
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The measures will include setting up of funds to buy corporate bonds to help companies facing a credit crunch, and steps to boost short-term money market liquidity, the presidential office said.
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But within a few years, the business was turned upside down as the subprime mortgage crisis and credit crunch shook Wall Street to its core and the economy was left in shambles.
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And so, for many, scenes of long queues outside branches of UK bank Northern Rock in September 2007 is still their earliest memory of the credit crunch and the global financial crisis.
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So long as we don't have a replay of the 2008/2009 credit crunch, don't be surprised to see an increase in PE deals, at least as a percentage of overall M&A.
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An ongoing restructuring of South Korea's shipping and shipbuilding industries has only intensified this pressure, as the sector faces a potential credit crunch which the BOK is expected to prevent by providing capital.
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Again, 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.
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The Treasury Select Committee was formally responding to the publication last November, seven years after the bank's failure during the credit crunch, of two reviews, one by regulators, the other by independent counsel.
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"This is recessionary behavior: As 2008's credit crunch forced HNWIs to clamp down on their luxury spending, it also saw an increase in the art, wine and precious stone markets," WealthInsight said.
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"If they do the right steps, they are not heading to a credit crunch," Azour told Reuters this week, when asked if the IMF was concerned about Oman potentially defaulting on its debt.
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But in these uncertain times raising lots of new capital could be tricky; if banks found themselves unable to do it, their lending capacity would shrink instead and a credit crunch could ensue.
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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.
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These rules are the final phase of U.S. money fund reform intended to safeguard a sector that was rattled by the collapse of Lehman Brothers during the global credit crunch in September 2008.
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The US realistically won't face a credit crunch, because in a global recession, investors will want to stash their money somewhere safe -- and the US Treasury is still seen as a reliable investment.
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An agreement signed last week with Gulf allies Saudi Arabia, the United Arab Emirates and Kuwait for a $10 billion aid package tied to fiscal reforms has averted the risk of a credit crunch.
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A credit crunch, a cooling growth rate and underwater construction loans all flew in the face of a stable, harmonious China, and threatened the newly minted middle class, looking for returns on its capital.
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But the metrosexuals were the post-9/11, pre-credit crunch dandies: They shagged around but cared about their skin, watched football but cared about their hair, drank lager but cared about their teeth.
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A credit crunch ensued in August, leading to a decline in the Fed Funds rate, and at the end of the year, Martin's Fed lowered the discount rate back to the mid-1965 levels.
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Fortis, once one of Europe's largest banks, got into trouble after paying a top-of-the-market 24 billion euros to buy the Dutch operations of ABN AMRO just before the credit crunch struck.
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Brazil's appliance retailing segment has struggled over the past two years with the impact of a recession not seen in eight decades and a credit crunch, which worsened as unemployment and interest rates climbed.
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"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.
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FRANKFURT (Reuters) - Germany's central bank expects no credit crunch when Britain leaves the European Union and is well prepared to keep risks to financial stability in check, its chief bank supervisor said on Thursday.
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In a telephone interview, he said Turkey could see "a quite severe credit crunch" but less likely a "25 Turkish banking crisis," when banks needed a significant bailout and GDP fell by 216 percent.
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DUBAI, Sept 22.28 (Reuters) - Bahrain raised $22019 billion with its first issue of U.S. dollar bonds since it obtained a $21.76 billion bailout from its Gulf allies last year to avert a credit crunch.
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These rules are the final phase of U.S. money fund reform that is intended to safeguard a sector that was rattled by the collapse of Lehman Brothers during the global credit crunch in September 2008.
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In recent years, a succession of crises has hit the EU -- a credit crunch and bank failures threatened the eurozone membership of Greece, Cyprus and others, which in turn led to EU-imposed austerity programs.
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DUBAI, Jan 22019 (Reuters) - Holders of more than $22021 billion of Oman's dollar bonds want the new sultan to push through urgent reforms to ward off a credit crunch in the Gulf's worst performing economy.
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The offering comes at a time when the shadow banking industry is battling a credit crunch, triggered by the collapse of lending major Infrastructure Leasing & Financial Services (IL&FS) in late-2018 amid fraud allegations.
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These upcoming rules are the final phase of U.S. money fund reform that is intended to safeguard a sector that was rattled by the collapse of Lehman Brothers during the global credit crunch in September 2008.
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Belfius was created after the country bought the Belgian banking arm of Dexia in 2011 for 4 billion euros as part of a wider rescue of the lender, which had become stuck in the credit crunch.
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Fortis, once one of Europe's largest banks, got into trouble after paying a top-of-the-market 24 billion euros ($27.4 billion) to buy the Dutch operations of ABN AMRO just before the credit crunch struck.
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Ford's reconfiguration in India is more evidence of the immense pressure on the country's auto industry, which has been struggling as consumers hold off on big purchases because of a credit crunch and a slowing economy.
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Belfius, the Belgian retail arm of bailed-out lender Dexia , was nationalised by Belgium in 2011 when France, Belgium and Luxembourg had to come to the aid of the group caught up in the credit crunch.
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Just over three years later, the economy was showing few signs of weakness, but a stock market swoon and credit crunch following the collapse of Long Term Capital Management hedge fund boded ill for the future.
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Finance Minister Dusan Mramor said on Friday one of the government's goals was to improve access to financing for small and medium-sized companies, which have been complaining about the credit crunch over the past years.
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While some economists are becoming confident that Brazil's credit crunch will ease with an expected central bank reduction in borrowing costs, commercial lenders see defaults falling in the first half of next year at the earliest.
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Just over three years later, the economy was showing few signs of weakness, but a stock market swoon and credit crunch following the collapse of hedge fund Long Term Capital Management boded ill for the future.
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These upcoming rules are the final phase of domestic money fund reform that is intended to safeguard a sector that was rattled by the collapse of Lehman Brothers during the global credit crunch in September 0.213.
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HONG KONG (Reuters) - A growing reliance by smaller Chinese banks on cheap short-term funds from bigger peers is raising the risk of a credit crunch and prompting regulators to push the banks towards more stable funding.
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"The increasing size of the shadow banking system means that during a disorderly contraction, banks could have difficulty replacing shadow banking credit, leaving borrowers who rely on such financing at risk of a credit crunch," Moody's said.
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DUBAI, Feb 12 (Reuters) - Oman is not facing a credit crunch but the Gulf Arab oil producer should speed up implementation of fiscal reforms like the introduction of a value-added tax (VAT), an IMF official said.
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Under the plan supported by President Park Geun-hye, funds provided by BOK would be used to head off a credit crunch should KDB and KEXIM be left holding the bag if shipbuilders or shipping lines default.
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It was stranded in mid-2007 by the credit crunch, with banks unable to sell it down initially and it was seen as the deal that closed the leveraged market until the crisis had run its course.
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Unit sales at the maker of popular sports utility vehicles like Scorpio and Thar dropped 21% for the quarter, with the industry facing issues of credit crunch, higher insurance costs and a shift towards ride-hailing services.
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But 230 Madonne Caseificio dell'Emilia remains an exception among small businesses struggling to get long-term funds in Italy, where a credit crunch risks holding back a fragile economic recovery after more than a decade of stagnation.
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Earlier in the day, Vice finance minister Kim Yong-beom said the spiking cost of U.S. dollars and capital outflows from emerging economies' stock markets could mean the world may be heading for a global credit crunch.
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The buffer is effectively put in place to ensure that lenders do not get themselves into the same positions that they did during the financial crisis, protecting themselves from debt going bad and triggering another credit crunch.
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Earlier in the day, Vice finance minister Kim Yong-beom said the spiking cost of U.S. dollars and capital outflows from emerging economies' stock markets could mean the world may be heading for a global credit crunch.
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The growth in the number of such companies has prompted criticism from Irish lawmakers, however, who fear they could damage the reputation of the country, which was nearly bankrupted by its own financial crash during the credit crunch.
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These rules, on share value and fees, are the final phase of domestic money fund reform that is intended to safeguard a sector rattled by the collapse of Lehman Brothers in September 2008 during the global credit crunch.
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At the same time, the authorities have been reluctant to allow more corporate defaults or for banks to crystallise losses at a faster pace, possibly for fear that sudden interruptions in debt-financing might trigger a credit crunch.
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Bankers' pay has become a recurring point of public contention in Britain after reckless lending and poor corporate governance at some lenders led to hefty government bailouts when the credit crunch hit the financial sector a decade ago.
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From individuals and families, those employed, furloughed or unemployed, to small businesses barely hanging on and large corporations facing a credit crunch, the federal government is extending more money than it has in history to float the economy.
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Judge Andrew Popplewell has told the jury to put aside views about bankers, their bonuses and the financial crash, saying the case turned on circumstantial evidence and how the defendants behaved against the backdrop of the credit crunch.
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FED ACTS With evidence that market distress would push the federal funds rate above its target early Tuesday, the Fed deployed a maneuver it had not used since the credit crunch to add liquidity into the bank system.
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On Thursday, the European Central Bank announced it would delay its first post-crisis rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Union's economic slowdown.
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The price of oil is still down more than 60 percent since mid-2014, and the weakness of the tenge has led to a credit crunch and strained the finances of many companies that have no foreign currency revenues.
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On Thursday, the bank again conducted both seven and 14-day reverse repos, adding 13 billion yuan ($33.05 billion) of money market liquidity in the largest single-day injection since June 27 to ease fears of a credit crunch.
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Senate Republicans on Saturday asked for $500 billion for the Treasury Department to expand a Federal Reserve corporate bailout fund to help airlines, hotel chains, energy companies and other industries facing a credit crunch because of the economic crisis.
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The Twin Towers fell, the financial heads fucked away our futures by creating the perfect storm for the credit crunch and recession, and everything you've probably read on your Twitter feed in the past few years has been dire.
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"Our ongoing concerns about the recovery's tenure have been thrown into sharper focus by the steepest market sell-off since the credit crunch," Eoin Murray, head of investment at Hermes Investment Management, said in a research note published Thursday.
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On Thursday, the European Central Bank announced it would delay its first post-crisis interest rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Unions economic slowdown.
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MUMBAI, Sept 27.46 (Reuters) - Indian markets steadied after an early wobble on Tuesday despite a rupee currency dangerously close to record lows, and abiding fears that problems at two large non-banking financial companies could signal a wider credit crunch.
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Some folk see them, rather than bankers, as the real villains behind the global financial crisis, asking, as Queen Elizabeth is said to have done at the London School of Economics, why no one had seen the credit crunch coming.
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On Thursday, the European Central Bank announced it would delay its first post-crisis interest rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Union's economic slowdown.
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That's because, says Arex, post-credit crunch measures have been introduced to strengthen the regulation, risk management and supervision of the banking sector and that this has choked off the supply of money banks have available to lend to businesses.
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Market watchers aren't predicting anything as bad as the Great Depression, but there are scenarios in which the supply shock of the coronavirus could turn into a full-blown credit crunch or dent demand enough to tip economies into recession.
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Falling food prices and construction wages have put India's huge rural population under stress, and those problems have been exacerbated by a credit crunch following the near-collapse of one of India's biggest consumer finance providers in October last year.
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The rescue fund, which the Senate Republican bill initially pegged at $208 billion, would extend beyond the airline industry, which has seen its stocks plummet in recent weeks, to other industries facing a credit crunch because of the health crisis.
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Rising borrowing costs, exacerbated by the turmoil in markets in recent days, will lead to a credit crunch in the sector and make it difficult for firms that aren't well capitalized to survive, according to top investors in the sector.
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While most studies have shown that QE brought down long-term interest rates, it may have worked by signalling that the central bank was serious about keeping rates low for a long time, or by lubricating financial markets during the credit crunch.
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NEW YORK (Reuters) - A key overnight borrowing cost for Wall Street surged on Thursday to its highest level since the height of the global credit crunch in the fall of 2008, as investors slashed their lending to dealers and banks at quarter-end.
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And on July 5th, through a piece of arcane but important financial regulation, the bank took the first real step to promote financial stability when it announced the relaxation of capital requirements for banks, in a bid to stave off a credit crunch.
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The credit crunch and slowdown in autos and real estate pushed India's GDP growth to a six-year low of 5% in the April-June quarter, in a troubling sign for the steel sector whose fortunes are closely tied to the broader economy.
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The coordinated move will lower the cost of short-term borrowing for banks around the globe, and it could also keep the global economy clear of an all-out credit crunch similar to the one the world's economies encountered a decade ago.
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This would seem to be particularly the case considering the record speed with which 35 percent has already been wiped out in U.S. and global equity wealth well as well as the virulence of the global credit crunch that is now underway.
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SEOUL, March 19 (Reuters) - South Korea's vice finance minister on Thursday said the government is preparing for a possible global credit crunch due to the disruptions caused by the coronavirus pandemic and vowed to deploy market stabilizing measures in a timely manner.
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The shock rate cut is designed to prevent the economic shock leading to the kind of credit crunch and financial market disruptions that occurred during the global financial crisis — the last time the Fed cut rates all the way to the bottom.
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NEW YORK (Reuters) - While U.S. corporate pensions regained some swagger after Wall Street's record run this summer, they are still far from their heyday before the 83-2009 credit crunch when they appeared to be in great shape to meet retirement obligations.
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Mester, in an interview, said she regarded the situation as different than economic shocks of the past, rooted in weak business sentiment rather than a credit crunch, the collapse of an asset bubble or a spike in inflation - triggers to past recessions.
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Mester, in an interview, said she regarded the situation as different than economic shocks of the past, rooted in weak business sentiment rather than a credit crunch, the collapse of an asset bubble or a spike in inflation - triggers to past recessions.
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"The banks are the best capitalised they have been in recent memory and have two, three, four times more capital than they had going into the credit crunch, which was a far worse set of circumstances than we confront today," Holman said.
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MUMBAI, Aug 21 (Reuters) - India's markets regulator on Wednesday allowed credit rating agencies to obtain details of clients' existing and future debt, in a bid to help them identify defaults in a timely way, amid a severe credit crunch and a slowdown in the economy.
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"Any price fall will be smaller than the 30 percent drop in the U.S., though, mainly as the relative health of Australian banks will prevent a U.S.-style spiral of large loan losses leading to a severe credit crunch and yet more losses," Dales said.
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BUENOS AIRES, Feb 4 (Reuters) - Argentina swapped $164 million in bonds due this month for four new instruments maturing in August 2021, the Economy Ministry said in a statement on Tuesday as the government responds to a credit crunch by improving its debt profile.
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Bahrain, which does not possess vast oil wealth like other Gulf states, signed a deal in October with Saudi Arabia, the United Arab Emirates and Kuwait for a $10 billion aid package tied to fiscal reforms that has averted the risk of a credit crunch.
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It is the second year in a row that money has dried up before the end of the fiscal year, the latest sign of a credit crunch as commercial banks and lenders have reined in lending to farmers, already hurt by sinking grains prices.
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The dollar was holding near its new 2019 high posted in the previous session after the ECB postponed an interest rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Union's economic slowdown.
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Even before the loss, Mr. Erdogan had used the government budget, the central bank and government-controlled banks to defend the currency, forestall a credit crunch, and even to pay for stands selling subsidized vegetables in the hopes of keeping voters on his side.
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The case is a rare example of a criminal prosecution of senior bankers at a global bank over conduct during the credit crunch more than a decade ago - and a high stakes trial for the UK Serious Fraud Office (SFO), which is prosecuting the case.
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Thorpe Abbotts' base case is that while the economy will take a sharp hit, the impact will be temporary unless there is a "huge credit crunch," though Henriksen suggested that monetary and fiscal policymakers will have to do more in the coming days and weeks.
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HONG KONG (Reuters) - Chinese companies are facing a credit crunch over the coming months as a shrinking domestic bond market and pressure on banks to clean up leave firms grappling to refinance $130 billion of debt that comes due this year, and $248 billion more in 13.
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But the bank remains 62 percent owned by the UK government more than 10 years after its 45 billion pounds taxpayer rescue at the peak of the 2008 credit crunch and is still fighting to restore its public image after a series of crisis-era scandals.
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The swifter-than-expected rate cut is designed to prevent the kind of credit crunch and financial market disruptions that occurred the last time the Fed had to cut rates all the way to the bottom, during the global financial crisis just over a decade ago.
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It's imperative that bold measures are adopted by the Federal Reserve in coordination with the world's other major central banks to prevent such pressures from leading to a U.S. and global credit crunch that would deliver another body blow to the weakened U.S. and global economies.
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In 2008 McCain, now head of the Republican Party, found himself defending the legacy of exactly the kind of conservatism he once opposed, including backing a bailout for Wall Street in response to the credit crunch -- perhaps the greatest example in history of "pork barrel politics".
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A mountain of bad debt in India's banking system has led to a prolonged credit crunch that is inflicting most pain on small- and medium-sized enterprises (SMEs) such as Pandey's that depend upon banks for their day-to-day working capital and longer-term borrowing needs.
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They have contributed to recent reports using, for example, web-scraping tools to understand trends in the pricing of air-conditioning, geospatial technology to map bank branches and population density, and analysis of corporate filings to map cross-shareholdings of corporations and uncover their vulnerability to a credit crunch.
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Bahrain, one of the Gulf's financially weakest economies, last year obtained $10 billion in pledged assistance from its neighbour and ally Saudi Arabia, as well as Kuwait and the United Arab Emirates, after experiencing severe pressure in currency and debt markets on the risk of an impending credit crunch.
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From 1987 to 2009, the flawed Wall Street reward system resulted in the crash of 1987, the credit crunch in the early 1990s, the internet bubble in the late 1990s, the Asian crisis, the Mexican crisis and, of course, the pièce de résistance, the Great Recession of 2008.
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Meanwhile, a Bank of Korea official told Reuters the request to lower the reserve ratio should not be tied to the ongoing corporate structural reform of the shipping and shipbuilding industries which has raised concerns it could leave Korean banks in a credit crunch due to debt issues.
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"As market instability can cause credit crunch and add strains to the economy, depending on future market conditions the government and the related authorities will quickly deploy additional market stabilising measures if needed," the Vice Finance Minister Kim Yong-beom said in a scheduled meeting held with related authorities.
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These rules from the Securities and Exchange Commission (SEC) for the money fund industry are aimed at safeguarding the sector from the sort of panicked withdrawals that followed the collapse of Lehman Brothers and contributed to the credit crunch that ensued during the financial crisis of 2008-09.
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SAO PAULO/BRASILIA, Oct 26 (Reuters) - The share of loans delinquent for at least 90 days in Brazil was unchanged at a record high in September, a signal that efforts by commercial banks to refinance looming debt maturities are yet to help ease the country's worst credit crunch in two decades.
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Outstanding loans fell for a sixth month in seven in July, totaling 3.115 trillion real ($963 billion), the report showed "The worst of the credit crunch and the recessive business cycle is probably behind us," said Alberto Ramos, chief Latin America economist with Goldman Sachs Group Inc in New York.
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The Telegraph reports that the bank, which is 20.27% owned by the taxpayer, is scrambling to avoid a lengthy court battle with investors who claim they were misled about the lender's financial health when it tapped them for cash, just months before its £20.39 billion bailout during the credit crunch. 5.
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Many people treat this as the start of the credit crunch but one can trace it back to the need for Bear Stearns to rescue hedge funds that invested in mortgage-backed securities in June, or the signs of home loan defaults and failing mortgage lenders that emerged in late 2006.
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The tightening has spilled into corporate China, which is facing a credit crunch over the coming months as a shrinking domestic bond market and pressure on banks to clean up leave firms grappling to refinance $130 billion of debt that comes due this year, and $248 billion more in 2018.
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On top of that, collapsing confidence, layoffs or even reduced working hours - hitting both output and demand - and a credit crunch are adding to the woes and raising the prospect of a more profound shock as markets scramble to find out how bad the damage is in the data fog.
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On top of that, collapsing confidence, layoffs or even reduced working hours - hitting both output and demand - and a credit crunch are adding to the woes and raising the prospect of a more profound shock as markets scramble to find out how bad the damage is in the data fog.
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The risk premium Italy pays over safer German Bunds has climbed to a 5-1/2 year high due to Rome's plans to raise next year's deficit to 2.4 percent of domestic output under a draft budget which has been rejected by the European Commission and has raised concerns of a credit crunch.
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NEW YORK, March 7 (Reuters) - Prices on Treasury bonds of all maturities rose on Thursday morning after the European Central Bank delayed its first post-crisis interest-rate hike until 2020 and offered banks a fresh round of loans to prevent a credit crunch that could worsen the European Union's economic slowdown.
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A credit crunch in financial markets also does not bode well for Prime Minister Narendra Modi, who is already facing a growing backlash over rising fuel prices, a falling rupee currency and farmer protests over low crop prices months before he seeks a second term at an election due by next May.
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BRASILIA/SAO PAULO, March 29 (Reuters) - Loans in arrears for 90 days or more in Brazil fell in February to their lowest level in eight months, a sign that declining borrowing costs and steps by commercial banks to refinance looming debt maturities are gradually easing the country's worst credit crunch in two decades.
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Umair Haque: Orthodox economics would have predicted a collapse in the money supply, a credit crunch, a trade implosion, mass unemployment, an atomized GDP [gross domestic product, or a measure of the value of stuff a country makes in a specific period], and the gears of industry and commerce grinding to a crashing halt.
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"While government measures to support the economy should help to reduce the depth and duration of India's growth slowdown, prolonged financial stress among rural households, weak job creation, and, more recently, a credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched slowdown," Moody's analysts said in a report.
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Part of the holdup relates to potential liabilities from the fire at London's Grenfell Tower, but the NY Post's Josh Kosman reports that Apollo's real problem is finding enough lenders during what has become a pretty severe credit crunch in the high-yield markets, where new corporate issuance fell to barely a trickle in November and December.
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Top 3 lessons Cramer: Earnings that shocked rich Wall Street And no matter how much some companies benefit from lower oil prices, the idea of a big increase in bad loans from these three banks and the Fed not raising rates because of a prospective oil related credit crunch was too much for the market to overcome.
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"The most recent comparable situation to this was the recession caused by the credit crunch in 2008, when digital advertising still grew 5.7 percent year-on-year, so while conditions may be tough in the short to medium term, there is a history of growth in challenging times," Tim Elkington, the chief strategy officer at IAB U.K. told CNBC via email.
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"At the beginning of the year, I think (the RRR cuts) had more to do with kind of smoothing out the deleveraging process, just providing liquidity to the banks that might have been experiencing a credit crunch as they were trying to clamp down in shadow banking and some of the other more volatile activities," Cindy Ponder-Budd, an analyst from research firm View from the Peak, told CNBC's "Squawk Box" on Monday.
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Viktor & Rolf, celebrating their 25th anniversary in business, decided to revisit 25 of their greatest surrealist hits, remade in white satin: the bedclothes show of 2005, in which sheets and pillowcases were transformed into all-in-one dresses; the chainsawed tulle show of 2009, in which giant chunks were bored out of ball gowns (the credit crunch was making everyone cut back); the Russian doll couture show of 1999, when the model Maggie Rizer was swallowed up by 10 layers of clothes.
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