Page 5 - The Banks Article

Along with this introductory commentary there are six short

case studies on: Wells Fargo Bank, Bank of America,
Barclays, Standard Chartered, HSBC and RBS (Diagram 1)

all of which, have

been produced in

e-resource format
for student off-line

downloading to

iPad, Tablet and PC.

Banking Tutorial
Case Set

The credit crunch

began in 2007 with
Diagram 1: The Banks Short Case Studies
a plunge in the

subprime mortgage market in the U.S. and developed into a

full-blown international banking crisis with the collapse of

the investment bank Lehman Brothers on September 15,
2008. As Bernanke (1) commented: the 2008 financial crisis

was the worst economic disaster since the Great Depression

of 1929. Excessive risk-taking by banks helped to magnify
the financial impact globally. Blame for the crisis was

squarely laid at the feet of the financial institutions, in

particular the banks, as a consequence of their risk-taking

culture. Nevertheless, the banks received massive bail-outs
to prevent a melt-down of the world financial system.