Word: bankes
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Dates: during 2000-2009
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...experts in and out of government expect bank failures to accelerate. Banks that are too big to go under, like Citibank and Bank of America, could fail but will stay alive in one form or another - through a bailout or government-backed sale, for example. But plenty of medium and smaller banks are going to disappear or be divvied up by creditors. And the longer Paulson's new capital-infusion plan takes to get up and running, the higher the likelihood of failure will...
...That worries economists, as bank failures exacerbate the already bleak situation by decreasing the amount of lending in the system. That's one reason most now predict the country will sustain a protracted recession even if it manages to avoid the kind of systemic risk the FDIC feared a disorderly and public Wachovia failure might have brought...
...bank failures are likely to keep worrying the markets too. Some traders were hoping for two potentially positive events this weekend, after the worst week in the history of the New York Stock Exchange came to a close on Friday. The first was that the meeting of the G-7 - whose finance ministers and central bankers were set to convene in Washington - would unveil details of a plan to inject capital into banks worldwide. The second was that the G-7 would commit to a coordinated guarantee of interbank lending...
...Markets may feel better about a joint European commitment announced Sunday to guarantee certain bank loans and recapitalize banks. Unfortunately, disappointment in the markets, the failure of another major bank or other dramatic events may yet produce another early-morning FDIC board determination that the American financial system as a whole is at risk...
...gains are tentative. Light trading volume in Hong Kong suggests that investors are holding back ahead of Wall Street's reaction to bailout plans. During an Oct. 10 meeting of G-7 finance ministers, European central bankers suggested they would follow Britain's lead by buying stakes in struggling banks and underwriting interbank loans. The U.S. Federal Reserve is also finalizing a plan to recapitalize the nation's bank in order to loosen frozen credit markets...