Global Financial Conditions: An Outlook - Jones Lang LaSalle
Global Financial Conditions: An Outlook - Jones Lang LaSalle
Global Financial Conditions: An Outlook - Jones Lang LaSalle
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Defining Events of the Credit Crunch<br />
2007<br />
• Collapse of Bear Stearns Hedge Funds<br />
• Boots leveraged buy out<br />
• Money market freeze<br />
• Northern Rock<br />
• Citigroup rescue<br />
• Co-ordinated central bank bail-out<br />
2008<br />
• More bank losses, world equity markets slide, central bank rate reductions,<br />
Soc Gen, Bear Stearns buyout, US fiscal stimulus package…<br />
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