Evercore ISI is comparing the bank stress to another critical time on Wall Street: The year of the savings and loan crisis and epic crash. “To think you would see financial stress of this kind d...
Tag: Financial Crisis
BofA’s Rick Sherlund predicts software comeback
Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is to weather the u...
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4...
U.S. Consumer Borrowing Has Reached Record Highs
Americans are holding record levels of debt. getty American consumers are more indebted than ever. The just recently released Federal Reserve Consumer Credit-G.19 report shows that U.S. consumer credi...
China’s ‘Zero-Covid’ Fiasco Will Give Dollar Rally New Life
The dollar remains an oasis of stability in a world of volatility. getty People betting that the U.S. dollar’s slide will continue might want to pay more attention to what’s afoot in Asia. Or, perhaps...
Here’s how recessions became an inevitable part of American economy
The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that they may have become an inevitable part of the financial cycle that fluctua...
Why it’s a good time for young investors to put money in the market
FG Trade | E+ | Getty Images Opportunities in the dip For young investors with the longest time horizons to plan for retirement, today’s market downturn also provides an opportunity, according t...
How The Big Short Educated A Generation On The Financial Crisis Of 2008
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at … [+] Wall Street in New York City. – Losses on Wall Street deepened following a bruising...
As Fuel & Food Prices Soar, Consumers Tighten On Retail Spending
Retailers feel the pinch. As consumers battle with an onslaught of rising cost, retail spending has … [+] slowed slightly (photo by Daniel Harvey Gonzalez/In Pictures via Getty Images) In Pictur...