In September 2008, the bankruptcy of the investment bank Lehman Brothers carried the crisis to a global scale; credit markets froze while recession occurred in many countries. Governments and central banks announced large-scale rescue packages. The crisis brought with it long-term debates on financial regulation and supervision.
Source: Wikipedia
Frequently asked questions
- What was 2008 Global Financial Crisis?
- The 2008 global financial crisis deepened with the bursting of the bubble in the U.S.
- When did 2008 Global Financial Crisis happen?
- 2008 CE
- Where did 2008 Global Financial Crisis take place?
- Dünya