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At close 2009 the total assets stood at 4.367 billion euros. [3] Savings banks pay 0.1% per year (approx. 500 million euros). In 2009 the fund contributed 1.3 billion euros due to the bankruptcy of CCM, 1.27 billion euros to the FROB and set aside 2.252 billion euros to guarantee depositors funds in CajaSur.
The 2008–2014 Spanish financial crisis, also known as the Great Recession in Spain [1] [2] or the Great Spanish Depression, began in 2008 during the global financial crisis. In 2012, it made Spain a late participant in the European sovereign debt crisis when the country was unable to bail out its financial sector and had to apply for a €100 ...
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
Another, elsewhere suggested reason related to more recent development trends and to banking crisis during modern era might be changes in the size of banking sector compared to overall GDP. The dramatic feature of this graph is the virtual absence of banking crises during the period of the Bretton Woods agreement, 1945 to 1971. This analysis is ...
Some financial observers argued that the plummet in bond prices was triggered by the Federal Reserve's decision to raise rates by 25 basis points in February, in a move to counter inflation. [4] At about $1.5 trillion in lost market value across the globe, the crash has been described as the worst financial event for bond investors since 1927 ...
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date and interest (called the coupon) over a specified amount of time. [1])
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A failure of a nation to meet bond repayments has been seen on many occasions. Medieval England lived through multiple defaults on debt, [17] Philip II of Spain defaulted on debt four times – in 1557, 1560, 1575 and 1596. This sovereign default threw the German banking houses into chaos and ended the reign of the Fuggers as Spanish financiers.