Friday, March 29

Day: March 26, 2020

Regulatory Activities in Investment Banking: An Overview
Business

Regulatory Activities in Investment Banking: An Overview

The Great Recession observed during the late 2000s and early 2010s was the most severe economic and financial meltdown after the Great Depression (1930s). The crisis led to the fall of American Investment Group Inc. Lehman Brothers, the 4th largest investment bank laid-off employees and filed bankruptcy. The banking industry allowed more consumers to buy homes. When the US consumers backed out on their mortgage loans, the US banks lost money. The banks in other countries also lost money. The banks stopped lending that the consumers and businesses found difficult to get credit.  As the US started falling into a recession, the demand for imported goods dropped, while prompting a global recession.Some of the factors that might have triggered the crisis include the fall of the mortgage ma...