WORLD FINANCIAL CRISIS AND SAMBA BANK



World Financial Crisis and SAMBA Bank

World Financial Crisis and SAMBA Bank

Introduction

The Arab countries have experienced rapid changes in their economic fortunes in the last few years. The financial crisis of 2007-2008 began in July 2007 when a loss of confidence by investors in the value of US mortgage securities; this resulted in a liquidity crisis that prompted a substantial injection of capital into the financial market by the US Federal Reserve and European central banks. So far, it is estimated that World Bank have had to write down more than $550bn in asset. This ...