Tag - subprime-crisis

 
 

SUBPRIME CRISIS

Japan Times
BUSINESS / Markets
Mar 21, 2023
2008 bank crisis survivors remember how fast dominoes can fall
Comparisons to that episode have become a little harder to ignore, although authorities are better equipped today to deal with stress in the financial system.
Japan Times
BUSINESS
Jun 11, 2020
Confidence at Japan's large firms drops to 11-year low amid pandemic
The reading from the government survey is the lowest since the first quarter of 2009, during the global financial crisis.
Japan Times
COMMENTARY / Japan
Jan 10, 2020
Were the 2010s a return to the 1930s?
The last decade saw the framework of the long postwar period start to crumble.
Japan Times
BUSINESS / Economy
Oct 25, 2019
Subprime auto giant's loans souring at fastest clip since 2008
A growing percentage of Santander Consumer USA Holdings Inc.'s subprime auto loans are turning out to be clunkers soon after the cars are driven off the lot.
Japan Times
COMMENTARY / World
Apr 16, 2019
What really caused the global financial crisis?
A new book offers some answers and sensible suggestions to reduce the odds of a future crisis.
Japan Times
COMMENTARY / World
Sep 16, 2018
Who really creates growth in an economy?
Contrary to the post-crisis consensus, strategic public sector investment is critical to growth.
EDITORIALS
Sep 13, 2018
A decade after the 'Lehman shock'
We may soon discover how well we learned the lessons of the Lehman shock.
Japan Times
COMMENTARY / World
Mar 20, 2018
What we didn't learn from Bear Stearns' collapse
This weekend marked the 10th anniversary of the collapse of Bear Stearns Cos. The cause of the disaster was a combination of excessive, subprime mortgage-concentrated leverage and poor risk controls.
Japan Times
BUSINESS
Jul 31, 2017
The bust never ended for Wall Street's most crisis-scarred banks
Ten years ago today a pair of Bear Stearns Cos. hedge funds that had gorged on subprime mortgage securities filed for bankruptcy, becoming the canaries in the coal mine for the global financial system that collapsed 15 months later.
Japan Times
COMMENTARY / World
May 29, 2015
Global financing has a go at global warming
Governments, regulators and market actors are starting to incorporate rules concerning sustainability into the financial system.
Japan Times
BUSINESS
Oct 30, 2013
Snag jeopardizes JPMorgan deal with U.S. Justice Department
Settlement talks between the U.S. Justice Department and JPMorgan Chase are in danger of breaking down over the bank's demands that it avoid future criminal charges and that another government agency pay some of the $13 billion price tag, according to a person familiar with the negotiations.
BUSINESS
Oct 24, 2013
Federal jury finds Bank of America liable for mortgage fraud
A federal jury in Manhattan on Wednesday found Bank of America liable for fraud because of thousands of defective mortgages sold by its Countrywide Financial unit, handing the government a victory in one of the few major trials rooted in the financial crisis.
Japan Times
BUSINESS / Companies
Oct 23, 2013
U.S. sees huge JPMorgan deal as template for future bank settlements
The U.S. Justice Department plans to use its tentative $13 billion settlement with JPMorgan Chase as a blueprint for reaching similar deals with other banks in probes related to bad mortgages and the 2008 financial crisis.
Japan Times
BUSINESS
Sep 15, 2013
'Freddy vs. Jason' maker documents new horror: Fed's role in meltdown
Flashback to Christmas 2002. America was recovering from the twin shocks of the tech bubble crash and the terrorist attacks of Sept. 11, 2001. The stock market was rising, real estate was heating up and optimism was rebounding.
Japan Times
BUSINESS
Aug 2, 2013
Ex-Goldman exec Tourre liable for duping investors
A federal jury found former Goldman Sachs executive Fabrice Tourre liable on Thursday for duping investors about a shoddy mortgage deal on the eve of the housing market's crash, the first major court victory for the Securities and Exchange Commission in its quest to hold Wall Street accountable for the 2008 financial crisis.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on