when money looses most or all of its value
BoA purchased Merrill Lynch Investment Banking and Countrywide Financial in the 1009 financial meltdown. Over the years the bank has purchased dozens (or maybe even hundreds) of smaller commercial banks.
A multinational financial system is a system that works across borders. Many multinational financial systems can accommodate many different currencies.
chart showing financial service of indian fancial system
The Customers, Stakeholders are the clients of the financial system of a business house.
The type of financial system that the UK has is called a mixed economy. The mixed economy financial system focuses more on market-based economies.
If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.
What_is_financial_meltdown
As the financial crisis in Greece worsens, companies are getting ready for everything from social unrest to a complete meltdown of the financial system.
Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle. The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc
The effects of this economic meltdown are: 1. Banks have incurred huge losses. Their earnings came down. 2. Financial institutions have gone bust or have been taken over by bigger organizations 3. The housing prices have plummeted 4. The liquidity in the financial system has come down 5. High unemployment etc.
The global financial meltdown of 2008 happened due to a combination of factors including subprime mortgage lending practices, complex financial products, inadequate regulation, and excessive risk-taking by financial institutions. This led to a domino effect, causing a collapse in the housing market, the failure of major financial institutions, and a severe credit crunch.
It can send out an electromagnetic pulse, causing a global computer meltdown.
To prepare for a financial meltdown one should cut down on their spending. Walking instead of using a car, home cooked meals instead of take-aways and turning electrical items off instead of leaving on stand-by.
a meltdown
nature of financial system in India?
a meltdown
There are majorly 2 components of financial system one is formal financial system and another one is informal financial system. under the formal financial system there are 4 components 1)Financial Intermediaries 2)Financial Markets 3)Regulators 4)financial instruments in informal financial system neighbours ,relatives,landlords,local trader are there