Word: subs
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Dates: during 2000-2009
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...money going to the wrong people/institutions? Why should the money go to these institutions instead of homeowners or banks who hold the sub-prime mortgages? A lot of the money would go to banks that hold sub-prime mortgages. Getting it to homeowners is a more complicated proposition. Would you just give the money to people struggling with their mortgages? How much would you give them? For how long...
...Fortis isn't alone among the banks in that once lauded consortium to fall on hard times; mighty RBS has since written off billions of dollars in sub-prime related losses, and even turned desperately to shareholders in June for some $20 billion in fresh capital. But if both lenders testify to the shaky health of many of the world's biggest banks, Santander, the third leg of the trio, seems to have gone from strength to strength. Indeed, while Fortis was receiving life support on Sunday, the Spanish bank was administering much needed first...
...Ramirez, analyst at investment bank Keefe, Bruyette & Woods in London. "It's quite simple, quite traditional." Focused on retail banking, with limited investment banking operations, and with a long-buoyant domestic market to lean on, Santander side-stepped the toxic assets caught up in the collapse of the U.S. sub-prime mortgage market. Enjoying "good growth at home, they were never in the need of chasing growth in these kind of exotic instruments," says Ramirez. Santander's strategy - mirrored at rival Spanish lenders - owes much to the country's regulators. The Bank of Spain, which scrutinizes lenders in the country...
Physicists across the globe rejoiced earlier this month at the announcement that the Large Hadron Collider—the gargantuan accelerator of sub-atomic particles meant to signal the dawning of a new age in high-energy physics—had successfully passed a beam of protons through its 17-mile tunnel...
These increases, in addition to upward trends in each of the nine sub-divisions, are “very encouraging” and point toward a nation-wide surge in universities’ sustainable practices, according to Olowski...