Nomura

Banking and the New Terms of Trade

Lately, we have witnessed a number of significant events go down in financial history. In August 2018, 20 years had passed since Russia declared bankruptcy with the primary reason being a substantial drop in the prices of resources, especially oil which quoted at US $9 per barrel. In September, we looked back on how Lehman Brothers, a major American bank, faced bankruptcy.

Julius says Grexit would be no new Lehman Brothers

Former Bank of England policymaker DeAnne Julius said a Greek exit from the euro area probably wouldn?t mean a financial fallout such as that in the wake of the 2008 collapse of Lehman Brothers Holdings Inc.

?There?s very little risk of a Lehman-type moment? immediately after a Greek exit, Julius said in an interview on Bloomberg Television on Tuesday.