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What else can I help you with?
Causes of recession?
One of the major causes of the recession American experienced in 2007 was due to the issues with mortgages. Banks gave loans to people who could not afford the mortgage on the home. Banks would then sell the loan to another bank. People who could not pay the loans would go into foreclosure. The asset value of the home decreased although the repayment of the debt remained the same.
Why did many banks go out of business as a result of the panic of 1837?
Interest rates were very high, and caused many banks to shut down due to lack of money.
How soon can you open a bank account if you have an account that was closed due to late or no payments?
Immediately after, before it goes onto your credit report. There are some banks that don't do a background check - they are usually in Walmarts.
Why are American banks folding?
American banks are facing challenges due to a combination of rising interest rates, which have pressured their profitability, and increased regulatory scrutiny following past financial crises. Additionally, some banks have struggled with poor risk management and exposure to volatile sectors, leading to liquidity issues. The overall economic environment, including inflation and potential recession fears, has also heightened uncertainty and contributed to bank failures.
Can you get a bank account with bad credit?
yes, long as your bank never closed your account due to lack of funds or owes money. if this was the case, you will not able to open an account with any banks for several years. asian623
What was the bank holiday?
The Bank Holiday was when all of the banks were closed down due rat poisoning
Why don't any links to Cenimar-dot-com work anymore?
Due to the recession they closed down their investing guessing services :)
What is relationship between inflation and recession?
The relationship between inflation and recession is that a recession will cause inflation to go down. The reason for this is due to their being less money being spent due to the recession.
In the year 2010, how many banks shut down because of bad credit loans?
According to thism article, http://www.badcreditloancenter.com/number-of-failed-banks-reaches-37-for-2010/, banks closed down due to bad credit loans were 37. This was a new record for the numbers of closing in years according to the company.
How much did US imports shrink due to the recession of 1858?
On a national basis the recession of 1858 effected many aspects of the US economy. As one example, imports decreased by 25%. With the economy in recession, money to purchase imports went down.
Reason for not giving incentives to employees in recession?
The revenues and profits of companies have gone down due to the recession and hence they may not be able to afford incentives and fat pay hikes. that is why they haven't given them.
What happened to game crazy?
They closed down due to lack of sales
Has dundee mega bowl closed down?
Yes unfortunately. It closed down last year due to lack of business and possibly money problems.
During what years were the theatres closed due to plague?
In london, all the theatres were closed down between 1593 and 1594 due to the plague. I hope this helps
When overall prices are decreasing are you in recession?
You are in deflation. This may be due to a recession or to other factors.
Causes of recession?
One of the major causes of the recession American experienced in 2007 was due to the issues with mortgages. Banks gave loans to people who could not afford the mortgage on the home. Banks would then sell the loan to another bank. People who could not pay the loans would go into foreclosure. The asset value of the home decreased although the repayment of the debt remained the same.
Are town centers closing down?
Due to the recession and too many people buying online rather than using shops, yep.
