2008 Financial Crisis

Need to differentiate between financial, non-financial regulation: CEA

Chief Economic Advisor V Anantha Nageswaran on Wednesday said there is a need to differentiate between regulation of financial and non-financial sectors as competition in financial sector can lead to excessive risk taking and bring instability. "We do need to make a distinction between regulation with respect to financial sector and regulation with respect to non-financial sector of the economy," Nageswaran said at the CII Global Economic Policy Forum 2024. He said in non-financial sector, except in case of natural utilities where one needs a regulator to protect customer interest, competition or market forces will take care of what the regulators do. In financial sector, regulators have the tendency to lean towards excessive regulations, as if things go wrong in this sector the state is expected to bail out and the effects are systemic. " In financial sector, competition sometimes leads to excessive risk taking and competition can be a source of instability rather than stability,

The alternative path to riches

Navigating a volatile market can be daunting for the ordinary Joe, while the ultra-rich have access to more exclusive investment options. The Holy Grail of Investing is a guide to bridging this gap

ABN Amro to buy German bank in biggest deal since 2008 financial crisis

The Dutch bank's deal comes as European lenders seek to diversify their revenues by bulking up in areas such as wealth management and private banking

Year after Silicon Valley Bank crisis, a struggle over what needs to change

Regulators say they are now paying closer attention to midsize banks, recognizing that problems can quickly spread between banks with diverse geographic footprints and customer bases

2008 global financial crisis wasn't as serious as Covid-19: FM Sitharaman

A nearly 60-page White Paper was tabled in the Lok Sabha and Rajya Sabha by Sitharaman on Thursday

Global household wealth drops for first time since 2008 financial crisis

The largest declines last year came from financial assets, as opposed to non-financial assets such as real estate, which remained resilient

After Credit Suisse wipeout, AT1 bonds make a return in the global market

A Bloomberg index of contingent convertible bonds has risen 10 per cent from the lows seen during the Credit Suisse crisis

Assessing contagion: 'Little, then lottle', like ketchup coming out of bottle

In every systemic crisis, there are initial soothing noises from regulators and commentators: There won't be contagion. Except that eventually there is contagion more often than not, writes T N Ninan

US-based Silicon Valley Bank failed: Here's why it's not 2008 again

The bank bought billions of dollars worth of bonds over the past couple of years, using customers' deposits as a typical bank would normally operate

Silicon Valley Bank seized by FDIC as depositors pull cash amid crisis

The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The bank failed after depositors mostly technology workers and venture capital-backed companies began withdrawing their money creating a run on the bank. Silicon Valley was heavily exposed to tech industry and there is little chance of contagion in the banking sector as there was in the months leading up to the Great Recession more than a decade ago. Major banks have sufficient capital to avoid a similar situation. The FDIC ordered the closure of Silicon Valley Bank and immediately took position of all deposits at the bank Friday. The bank had USD 209 billion in assets and USD 175.4 billion in deposits as the time of failure, the FDIC said in a statement. It was unclear how much of deposits was above the USD 250,000 insurance limit at the moment. Notably, the FDIC did not announce a .

Credit Suisse to pay $495 mn to settle case linked to 2008 financial crisis

The Swiss bank said in a statement on Monday that it's "fully provisioned" for the payment, which will resolve claims tied to more than $10 billion in such securities

After 14 years, Lehman Brothers' brokerage ends liquidation process

The liquidation of Lehman Brothers' brokerage unit has ended, 14 years and 13 days after its parent's bankruptcy helped trigger a market freefall and global financial crisis

FPI outflows exceed 2008 global financial crisis as Fed policy move nears

Selling accelerated after Russia attacked Ukraine in February and caused a spike in global commodity prices

Budget brings stability, inflation less than that during 2008 crisis: FM

There is no question of a slowdown or recession, said Sitharaman, as she cited an estimated 9.2 per cent GDP growth in the current fiscal year ending March 31

Global insurance recovery will be faster, stronger than in 2008: Swiss Re

The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation

The coming long spell of demand drought

Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal

To avoid zombie lending, banks need fully empowered boards: Eco Survey

The survey has put the blame of the current banking crisis on the zombie lending following the Global Financial Crisis in 2008

Best of BS Opinion: Maharajah's airs and graces, stimulus package & more

Here's a selection of Business Standard opinion pieces for the day

Covid shock vs global financial crisis

The pandemic is not as bad as the 2008-09 global downturn

Developed countries can ignore macro-economic reality but India can't

Hard work on inflation means there is monetary space in this crisis; but years of mismanagement means there is no fiscal firepower