Much of this growth has taken place against the background of ultra-low interest rates since the 2007-08 financial crisis. McKinsey points out that roughly two-thirds of the total return for ...
With increased debt, the economy became more vulnerable to financial crisis. When a crisis eventually hit in 2007–08, it brought with it a generalized wave of defaults; 10 percent of mortgage loans ...
Swiss bank UBS has agreed to pay $1.4bn (£1.1bn) to resolve fraud claims in the US stemming from the 2008 financial crisis ... in a series of deals in 2006-2007. UBS did not admit or deny ...