Leta i den här bloggen

Läser in...

2015-12-12

Frozen withdrawals in 2007 and 2015


THE WALL STREET JOURNAL
High-yield debt fund blocks investors from withdrawing funds as junk bonds swoon
Dec 10, 2015



http://www.marketwatch.com/story/high-yield-debt-fund-blocks-investors-from-withdrawing-funds-as-junk-bonds-swoon-2015-12-10?mod=mw_share_twitter



It was in August 2007 when BNP Paribas, a large French bank, froze withdrawals in three investment funds that people began to panic. 

If a bank with zero obvious exposure to the U.S. mortgage sector could have this measure of difficulty, anyone could be hiding untold losses. This marked the official beginning of the credit crisis. 

The result was mutual distrust amongst large banks operating in the global market for interbank loans which meant credit was hard to come by for many banks.


https://www.creditwritedowns.com/2008/09/dummys-guide-to-us-banking-crisis.html


The start of the phenomenon has been pinpointed as 9 August 2007 when bad news from French bank BNP Paribas triggered sharp rise in the cost of credit, and made the financial world realise how serious the situation was.

http://news.bbc.co.uk/2/hi/business/7521250.stm


Submitted by Tyler Durden on 12/11/2015 16:59 

Moments ago Dow Jones reported that the $1.3 billion Manhattan-based Stone Lion Capital, a distress-focused hedge fund, has just suspended redemptions after ""substantial requests."

http://www.zerohedge.com/news/2015-12-11/here-gate-2-13-billion-stone-lion-capital-suspends-redemptions


Varför min sida om Finanskrisen heter hedgefunds.htm
Rolf Englund blog 2013-08-26

Inga kommentarer: