Sweeney’s Blog

Faissola bank confirms the stability of internationalization to the forum

At the forum the President of internationalization Abi Faissola said as announced in spite of the crisis, banks have not had the slightest sign of failure:

At a time of tension and difficulty of the market as the present one, the Italian banking sector has shown strong and stable and is continuing to support the internationalization [...]

Banca Mediolanum and problems with Lehman

Banca Mediolanum is the main bank was exposed to default by the banks Lehman.
According to the Sole24ore his speech is:
The exposure of the customer led to Lehman Ennio Doris is 160 million, market value of policies to August 29, the nominal value of 213 million. These are policies where the risk is insured in the [...]

Definition of Credit Crunch

Credit Crunch is the strong credit expansion that occurs after the major economic dimensions.
The credit crunch is usually at the end of the expansion phase, when central banks raise interest rates to cool growth and avoid the risk inflation by pushing lenders to raise their interest rates and closing l ‘ access to credit for [...]