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As to 2019, climate change has already increased wildfires frequency and power in Canada, especially in Alberta. "We are seeing climate change in action," says University of Alberta wildland fire Prof. Mike Flannigan. "The Fort McMurray fire was 1 + 1 ⁄ 2 to six times more likely because of climate change. The 2017 record-breaking B.C. fire ...
August 9: French investment bank BNP Paribas suspends three investment funds that invested in subprime mortgage debt, [153] due to a "complete evaporation of liquidity" [154] in the market. The bank's announcement is the first of many credit-loss and write-down announcements by banks, mortgage lenders and other institutional investors, as ...
Edson Mitchell (1953–2000) was an American investment banker and executive. He served as the head of Deutsche Bank's global markets organization. During his tenure, he transformed the bank into a major and highly profitable player in trading bonds, securities and foreign currencies.
Deutsche Bank's Christian Sewing thinks structural reforms are key to Germany global competitiveness. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
While the causes of the bubble and subsequent crash are disputed, the precipitating factor for the Financial Crisis of 2007–2008 was the bursting of the United States housing bubble and the subsequent subprime mortgage crisis, which occurred due to a high default rate and resulting foreclosures of mortgage loans, particularly adjustable-rate ...
In a "coordinated action to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements", the U.S. Federal Reserve, the Bank of Canada, Bank of Japan, European Central Bank, and Swiss National Bank joined to organize daily U.S. dollar swap operations. These swaps had previously been set up to occur on a weekly ...
From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank. [3]: 580 Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998, [4] and Deutsche Postbank in 2010.
Headquarters of AIG, an insurance company rescued by the United States government during the subprime mortgage crisis "Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported ...