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To make it easy for there customers commercial banks and the stock market both close on the same major holidays. The Government makes the choice to close the stock market and the commercial banks have followed in their path to also close on the major holidays.
Yes. But, they cannot invest the depositors money in the stock market. In the years since the financial crisis, central banks have leapt to the forefront of public policy making and have become major investors in stock markets.
Many banks closed (apex)
Frightened depositors feared for their money and tried to withdraw it from their banks.
A lot of people invest in the stock market. Some are: * Institutions & companies * Mutual fund houses * Individual investors (common man) * HNIs (High Net Worth Individuals) * Banks * etc...
banks invest money in the stock market, stock market crached, so did the banks
The banks were using their custumer's deposits to put money into the stock market.
To make it easy for there customers commercial banks and the stock market both close on the same major holidays. The Government makes the choice to close the stock market and the commercial banks have followed in their path to also close on the major holidays.
The long term effect of the Stock Market crash was followed by the Great Depression.
800
Many banks closed.
Yes. But, they cannot invest the depositors money in the stock market. In the years since the financial crisis, central banks have leapt to the forefront of public policy making and have become major investors in stock markets.
on October 29, 1929, $10- $15 billion loss in value and stocks fell drastically. This is when the Stock Market crashed Why did many banks fail after the stock market crashed? because they invested in the stock markets, so when it crashed they lost all their money
Many banks were closed
Many banks closed (apex)
No. There is no direct connection between the mortgage rates and the stock market. Stock market is an independent entity and its performance is dependent on the economic situation in the country. Similarly mortgage rates are determined by banks based on the country's central banks lending rates.
Banks were one of the first institutions to feel the effects of the Stock Market crash because people feared for their money and rushed to withdraw their savings.