global financial crisis

How ‘resilience’ became global finance’s mirage of strength

The borrowed metaphor now obscures more than it explains

Governor Andrew Bailey said the BOE planned to conduct a “system-wide exploratory scenario” with banks, insurers, private equity companies and other non-bank lenders.

Bank of England’s Bailey warns First Brands, Tricolor collapses may herald worse to come

BOE plans to run a “stress test” with private equity and credit industry

A market crash today is unlikely to result in the brief and relatively benign economic downturn that followed the dotcom bust. There is a lot more wealth on the line now – and much less policy space to soften the blow of a correction.

The crash that could torch US$35 trillion of wealth: Gita Gopinath

The world has become dangerously dependent on American stocks

A sea of red on an electronic stock board in Shanghai during the 2008 great financial crisis. As geopolitical stresses mount, we should both re-remember the past and try to imagine what might happen in the future if a financial crisis erupted in China, for example, amid deep conflict.
PERSPECTIVE

Crisis memory, geopolitics and the risks of financial contagion

The question of how well we can deal with shocks in our future is not at all clear

Because most credit deals in recent years applied floating rates, should the cost of credit remain high, zombie scenarios, Chapter 11 filings, and hostile takeovers by lenders could spike.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Private equity: Five lessons from the GFC

UP UNTIL the 2008 credit crunch, the conventional recipe for success in private equity (PE) was straightforward: Just pour in debt and stir. A generous dose of leverage typically spiced up the financi...

US Treasury Secretary Janet Yellen said in a statement to the IMF’s steering committee that she wanted the World Bank to implement further reforms to scale up lending for climate and other global needs on a rolling basis.

IMF has adequate resources but needs quota reforms, Yellen says

US Treasury Secretary Janet Yellen on Friday (Apr 14) said the International Monetary Fund (IMF) has adequate resources to deal with global financing challenges but needs to follow through with “fair ...

 SVB seems to have failed investing in US Treasuries – is this the first time a bank failed because it had too many Treasuries?
WEALTH & INVESTING

Banking turmoil : Stay invested, this too shall pass

HISTORY doesn’t repeat, but rhymes.

While the ongoing banking crisis may wreak less damage than the global financial crisis, stocks can still be in for a rough ride and recovery prospects look unexciting.
HOCK LOCK SIEW

The ongoing banking debacle is not a rerun of the global financial crisis – neither its good nor its bad bits

INVESTORS these days are constantly confronted with crises. In early 2020, the Covid pandemic was spreading across many countries. In early 2022, Russia invaded Ukraine.

The overnight Hong Kong interbank offered rate, known as Hibor, surged 253 basis points to 4.14 per cent on Tuesday (Mar 21).

Hong Kong overnight funding costs double in sign of cash squeeze

THE cost of borrowing overnight in Hong Kong jumped the most in at least 17 years, with analysts pointing to reasons including stress in the global financial system and quarter-end cash hoarding.

Focusing on fundamentals will allow investors to steer clear of fad investing.

Investing lessons in 2023 from the dotcom crash and GFC

ONE month into the new year, many investors are looking to turn the page on a turbulent 2022