Fri. Nov 22nd, 2024

Category: 2008 Financial Crisis

Auto Added by WPeMatico

2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review

In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with…

‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14…