During the financial downturn two years ago the firm formally known as JGW Holdco LLC and two of its subsidiaries, J.G. Wentworth LLC and J.G. Wentworth Inc., entered Chapter 11 bankruptcy protection after the company encountered liquidity problems in the midst of a tightening credit market. They laid off 120 of its 200 employees and closed its office in Las Vegas. But less than six months later they got a 100 million dollar investment and they were able to get rehire and rebuild again.
Financial warfare is a concept that a nation can push its adversaries or mount an attack on the economy of enemy countries by using trade and investment instruments. In an article by Noah Shachtman 'US Could Use Crisis to Wage 'Financial Warfare' published on March 16, 2009, the writer says that "...a small group of academics and Pentagon policy-makers believe that the U.S. could benefit from the financial havoc. With economies around the world on edge, they argue, a weakened-but-still-gargantuan USA has new opportunities to pressure adversaries through the strategic application of market trades and bank transfers. They call their theory "financial warfare." In another example of the use of this phrase, a 2007 article by Paul Bracken, published on the Foreign Policy Research Institute website says that, "The U.S. is increasingly using financial warfare to punish international actors, blocking the overseas bank accounts of North Korean, Iranian, and Russian companies involved in illicit activities such as nuclear and conventional weapons proliferation. Attacking the funding of terrorist groups is a core strategy for dealing with this threat." See the related links below for more information.
Ally Bank was formerly known as GMAC Bank renamed in 2009 amongst all of the criticism of the financial institutions and the federal bailout.
The Harstad Vikings, a professional basketball team in Norway, ended in 2013. The team was disbanded due to financial issues and lack of sponsors.
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John Authers has written: 'The European financial crisis' -- subject(s): Monetary policy, Global Financial Crisis, 2008-2009, Economic conditions, Banks and banking 'The fearful rise of markets' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Capital market, History 'The fearful rise of markets' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Capital market, History
Chrysler has been hard hit by the economic crisis and has seen sales drop significantly. Chrysler went through bankruptcy in 2009 and is attempting to reorganize their operations and financial condition.
Holly Dolezalek has written: 'The global financial crisis' -- subject(s): Global Financial Crisis, 2008-2009, Juvenile literature, Economic history
After the 2009 financial crisis, members of any profession that were CEO's of a big business companies received a lot of flak and criticism for taking high bonuses.
Costas Lapavitsas has written: 'Financialisation in crisis' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Finance, International finance 'Social foundations of markets, money, and credit' -- subject(s): Capitalism, Credit, Economics, Marxian economics, Money, Sociological aspects, Sociological aspects of Economics 'Financialisation in crisis' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Finance, International finance
Steen Thomsen has written: 'An introduction to corporate governance' -- subject(s): Corporate governance 'Understanding the financial crisis' -- subject(s): Global Financial Crisis, 2008-2009
Guillermo Rosas has written: 'Curbing bailouts' -- subject(s): Crisis management, Global Financial Crisis, 2008-2009, Bank management, Financial crises, Government accountability, Bailouts (Government policy)
Zlatko Turkovic has written: 'Prihodnost borze in gospodarstva' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises
Salvatore. Rossi has written: 'Controtempo' -- subject(s): Economic conditions, Global Financial Crisis, 2008-2009, Financial crises
Grand Prix
Roddy Boyd has written: 'Fatal risk' -- subject(s): Financial crises, Inc American International Group, Insurance companies, Global Financial Crisis, 2008-2009, Federal aid, History 'Fatal risk' -- subject(s): Financial crises, Inc American International Group, Insurance companies, Global Financial Crisis, 2008-2009, Federal aid, History
Paolo Savona has written: 'Global financial crisis' -- subject(s): Economic policy, Financial crises, Global Financial Crisis, 2008-2009, International economic relations, International cooperation 'The New Architecture of the International Monetary System (Open Economies Review)'