financial crisis

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Oct. 22, 2008, Wachovia Bank stunned Wall Street by reporting a $23.9 billion quarterly loss. Where The Market Was: The Dow Jones Industrial Average traded at 8,519, and the S...

At this point, it looks certain the coronavirus (COVID-19) outbreak could trigger the first U.S. recession since 2008. However, the stock market is now reacting very differently today than it did in 2008. On Sept. 29, 2008, the S&P 500 dropped 8.8%, its first drop of more than 5% in a single...

Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks didn’t keep pace along the way. Fannie Mae’s Difficult Decade One market...

The 2008 financial crisis was the result of the collapse of the financial system but the coronavirus could have the opposite impact of trickling its way towards the financial system, according to former Fed Chairman Ben Bernanke. Different Type of Financial Crisis The 2008 crisis started with the...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is now down 23.7% in the past month as stocks enter bear market territory for the first time since 2009. The Financial Select Sector SPDR Fund (NYSE: XLF) has taken an even larger 31.2% hit in that time as investors recall what happened to bank stocks...

Microsoft Corporation (NASDAQ: MSFT) has seen it all before, having weathered the dot-com bust of 2000 and the Great Recession along its rocky road to $1 trillion in valuation. Here's a look at how it went from IPO to its first valuation milestone, $100 billion, and eventually to $1 trillion....

Investors haven’t seen a stock market sell-off like the one they're seeing this week since 2008. According to DataTrek Research co-founder Nicholas Colas, the 2008 market drop started off almost exactly like things have played out on Wall Street this week. Deja Vu? On Thursday, Colas drew...

After another volatile open on Tuesday, the SPDR S&P 500 ETF (NYSE: SPY) is down 15% overall in the past month due to fears over the coronavirus outbreak and Monday’s collapse in oil prices. Investors are reaching the critical point in the sell-off at which they need to determine whether...

In an interview with the German news magazine Der Spiegel last week, Nouriel Roubini, who is famous for correctly predicting the 2008 financial crisis, said he believes the world markets will take a major hit from the ongoing coronavirus epidemic. Coronavirus Impact Not Limited To China “...

The stock market's bull run is showing no signs of slowing down as the Dow Jones Industrial Average and S&P 500 index are on a seven-month winning streak. And there is a valid reason for this rally to continue, according to CNBC's Jim Cramer. Immediately after the 2008 financial crisis, many...

Sorry investors, but results of a poll of 30 finance professionals across four continents aren't supportive of the continued bull run. According to a Bloomberg survey, the bull stock market run has just more than one year left and will end late next year when U.S. credit will enter its first bear...

The "Trump Rally" has made many investors richer, and as the major stock indices are trading near historical all-time highs, now is the right time to cash in on the profitable investments, right? Not necessarily, at least according to Wunderlich's chief market strategist, Art Hogan. One of the most...

With the S&P 500 now resting comfortably above 2300, it seems almost incomprehensible that on this day just eight years ago the S&P dipped to its intraday financial crisis low of 666. The connotation of the number was chillingly representative of the terror that was rampant on Wall Street...

JPMorgan Chase & Co. (NYSE: JPM)'s CEO Jamie Dimon sat down with former Attorney General Eric Holder back in 2013 to discuss a settlement stemming from the bank's role in selling toxic mortgage-backed securities which led to the financial crisis of 2007/2008. Dimon told Bloomberg in an...

Bloomberg reported on Friday that Deutsche Bank AG (USA) (NYSE: DB) and Credit Suisse Group AG (ADR) (NYSE: CS) have agreed to collectively pay $12.5 billion as part of a settlement into sales of toxic debt that the banks sold in the lead-up to the financial crisis. Deutsche Bank will hand over $7....