Results for tag: "Global Financial Crisis"

The Global Financial Crisis (GFC) was a period of economic downturn that began in 2007 and lasted until 2009. It was caused by a combination of factors, including a housing market bubble, excessive risk-taking by banks, and a lack of regulation in the financial sector. The crisis had a major impact on the global economy, leading to a sharp decline in stock markets, a decrease in consumer spending, and a rise in unemployment. The GFC had a significant effect on the financial markets, with many banks and other financial institutions suffering large losses. This led to a decrease in the availability of credit, which in turn caused a decrease in consumer spending and investment. Governments around the world responded to the crisis by introducing a range of measures, including bailouts and stimulus packages. Some of the companies affected by the GFC include Lehman Brothers, AIG, Citigroup, Bank of America, and Goldman Sachs. Show Less Read more