The US market regulator Securities and Exchange Commission was doing what it could to stem the flow. It temporarily prohibited naked short-selling in the securities of major financial players including Freddie Mac and its sister firm Fannie Mae in July. But this didn't really help. It was only after global central banks pumped in unprecedented liquidity into global markets, that the storm was finally calmed.
Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
The next great mega-litigation could rival the $12 billion spent cleaning up Enron.
The effective nationalization of Freddie Mac and Fannie Mae gives big Asian investors the guarantee they're looking for
One should of course not underestimate the US, its strength in research and innovation, its great universities, its ability to attract talented immigrants, etc. But will that be enough to face a resurgent China, determined to take its legitimate place in the sun, asks A V Rajwade.
If the government is to be the lender of last resort for financial companies, it has to demand more control over their daily business
Is the bull market in commodities over? The 75 per cent reduction in the Federal funds rate and big rally in the stock market has some wondering if the whole cycle of monetary stimulus may be almost finished.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
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