Word: crunch
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...financial problem is simple. When Hands bought the 113-year-old British company in August 2007 - just before the credit crunch hit - both he and Citigroup expected he'd be able to finance the $4.2 billion in debt he'd taken on to close the deal. Hands also believed he could quickly turn around EMI's long-struggling record division...
...Vikram Pandit, too, has said he believes banks need to start curtailing their riskier activities. In November, speaking to business students at Washington University in St. Louis, Mo., Pandit said that unlike with other financial crises, proprietary trading played a much bigger role than underwriting in the recent credit crunch that nearly brought down his firm. "It makes sense to me that you don't take deposits as an institution and turn around and run a hedge fund," he told students...
Over the course of this year, the Crimson has been outscored 29-16 in the third period, while outscoring opponents 34-32 in the first two frames. Against Colgate and Clarkson in November, the Crimson let two-goal leads slip away in the final minutes. Struggling in crunch time could end up being a backbreaker for a revitalized team...
...Seeing an improvement is not the same as things being completely copasetic," says Anthony Chan, an economist at JPMorgan's private bank. "The credit crunch is still alive...
...crisis is not getting as much attention as, say, bankers and their bonuses. On Thursday, the Financial Crisis Inquiry Commission wrapped up its second day of hearings. Global imbalances is one of the 22 areas that the panel is supposed to investigate as a possible cause of the credit crunch. But in two days of hearings, which included testimony from top financial executives, economists, analysts, regulators and a hedge fund manager, there wasn't a single question that had to do with what role foreign investment might have played in creating the crisis. (See the worst business deals...