The financial market crisis has significantly weakened many banks and financial institutions, making it difficult for them to be highly innovative and take on excessive risk. In these circumstances, these institutions consider alliances as a choice to strengthen their market position. Like survivors of a bad storm, many financial institutions have emerged from the crisis with significant support and are now beginning to recover. The stronger, healthier institutions may be better positioned to consider strategic acquisitions to enhance their strategic position for when the business cycle ...
Financial Crisis
Warning signs not enough for Regulators
Warning signs like the failure of Enron, Arthur Andersen and others that occurred during and after the dot.com boom in the late 1990's, were not internalised by banks or the financial market. Regulators took steps to prevent these conditions from arising again but these measures were not effective enough. In general, regulators took several key steps. They included the introduction of Sarbanes-Oxley in the USA. There was also an enforced improvement of global risk management standards and tools. Additionally, the Basel II capital requirements were revised. The world ...
Bailout of Greece explained
Below is a video clip taking a lighthearted look at the bailout of Greece and just how crazy the steps taken by the Euro Countries have been. Billions of Euros have been spent in the bailout that the Euro Countries simply do not have (yet). Who knows, it's always possible that if the politicians of Europe have their way with this bailout that the new official language of the Euro zone becomes Chinese? The Chinese are keen to acquire a chunk of Europe by assisting with funding for the bailout. They are on record as saying that they already hold far too much US dollar debt so what an ...