The market was booming and since then mortgages have been given to customers worth $ 3200bn. About 20% of them were clients with little money or no proof of income. At this time nobody was really thinking where all that would lead to. 1.2 Short overview over the crisis In the beginning of 2007 the financial market startet to feel the consequences as the US-housing bubble crashed...
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People could not pay their mortgages back because house prices started to fall extremely and on the other side the debts increased. At this time almost every week there were bad news about banks, house builders and other sub-prime lending businesses. In February 2007 HSBC fired its head of the loan business because losses reached $ 10...
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Indian Scenario After The Global Financial Crisis Presently a decline in the economic growth (from 9%) to 7% had been witnessed. It is forecasted that for the F.Y. 2009-10 the growth will further fall to a minimum of 6%...	3 / 562
Indian Banks Among the components of banking capital, non-resident Indian (NRI) deposits witnessed a net inflow of US$ 1.1 billion in April-September 2008, a turnaround from net outflow of US$ 78 million in April-September 2007...	3 / 765
Sub-Prime Financial Crisis As mentioned earlier, sometimes, we should let the market make its mark because by providing this assistance caused growth and increases in the market to be misrepresented, the run up of financial asset prices, the debt accumulation (in growth patterns) and the current account deficits...	3 / 630
Financial Crisis However, it should be controlled, because it is a public interest, not only a private interest. Exaggerated optimism in financial markets Considering the great available liquidity in markets cited before, some exaggerated things happened...	3 / 710