Word: turmoils
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Some Russia watchers are expecting much more upheaval. Vladimir Savov, an analyst for Credit Suisse in Moscow, sees the recent turmoil as the beginning of a broad consolidation of Russia's highly-leveraged banking sector. "We want to hope that this will improve the resilience of Russia's financial markets in the long term," he says, "although in the near term the process could be painful." Renaissance says it had been in talks for some time and didn't act out of distress. But its move came a few days after the first financial institution fell victim to the crisis...
...ranging from the causes of the current economic crisis to its potential ramifications at a panel moderated by Business School Dean Jay O. Light yesterday. Nicholas P. Retsinas, a lecturer of business administration at the Business School and a former director of Freddie Mac, traced the roots of the turmoil in the mortgage markets to the New Deal. “Many of the housing rules currently in place came from the New Deal,” he said. “At the time, officials were trying to figure out how best to make credit and liquidity available...
...recent market turmoil has directly affected the career paths of Harvard undergraduates who spent their summers interning at many of the global financial firms whose balance sheets have deteriorated in the last few weeks. A number of these students, who interned at investment banks such as Lehman Brothers, have seen their full-time offers enter a state of limbo. The Lehman offers extended to seniors who interned last summer are still under deliberation, according to Matthew P. Bresnahan ’09 who interned in Lehman’s Global Consumer/Retail Group. Bresnahan received an offer for full-time employment...
...started working closely together from the day I arrived. I chair something called the President's Working Group on Financial Markets, and although we weren't predicting this, we certainly knew we were bound to have stress and turmoil in the capital markets. It had been a long time, you have to go back to '98 since we'd had the last serious bout, and so we've worked very closely together for over two years now. And we work very well...
...Talented employees will go elsewhere and clients who don’t want to deal with the turmoil will look to other firms to do business,” Rose said. “In addition, there are big cultural differences between Morgan and Bear, and solving these issues is a big exercise of time and attention...