US Financial Crisis: India Stably Stumbles
|
Code : ECC0031
|
Region : India |
||||
 |
 |
 |
 OR |
||
|
Introduction: The global financial system was in a deep-seated crisis of unprecedented complexity. The credit crunch that followed US subprime mortgage crisis and the free fall of market for complex derivatives in mid-2007, turned into a turmoil engulfing the entire financial sector. The problem, which started-off as liquidity problem, turned into a solvency problem triggering a crisis of confidence in the financialmarkets. The financialmarkets witnessed the shocking collapse of the big financial giants onWall Street – Lehman Brothers andMerrill Lynch, the failure of two of the large commercial banks – Washington Mutual and Wachovia and nationalisation of mortgage lenders – Fannie Mae, Freddie Mac and insurance and financial services companyAmerican International Group (AIG). |
|
| For Case Books
Click Here >> For Case eBooks Click Here >> |
|
