Beruflich Dokumente
Kultur Dokumente
2008
GROUP MEMBERS
STAGES
PRESEN
T SITUATION
FUTURE
CHALLENGES & REFORMS
CONCLU
SION
INTRODUCTION
G
lobal Financial Crisis first started with the collapse of U.S housing
bubble.
F
rench Bank BNPs announcement that it was suspending
redemptions from three of its funds.
L
ehman Brothers collapsed, triggering the on-set of a world wide
financial crisis.
CAUSES
1. Housing Boom:
2. Subprime mortgage loans:
3. Mortgage-backed securities (MBS) and collateralized
Credit crunch: