On March 8, 2008, the Federal Reserve decided to lower the overnight lending rate of commercial banks from 3.0% to 2.25%. On March 6, 2008, the Federal Reserve decided to reduce the discount rate from 3.5% to 3.25%.
On June 365438+1October 3 1 day, 2008, the Hong Kong Monetary Authority announced that the basic interest rate would be lowered by 50 basis points to 4.5%.
On June 29th, 2008, the overnight lending rate of Federal Reserve commercial banks dropped from 3.5% to 3.0%.
On June 29th, 2008, the Federal Reserve provided $30 billion to commercial banks through loan auction.
20081October 24th, 65438, Morgan Stanley said that it would lay off about 1000 people in one week. Bank of America and Wachovia Bank announced that their profits fell by 95% and 98% respectively in the fourth quarter of 2007.
On June 22nd, 2008, the Federal Reserve lowered its benchmark interest rate by 0.75 percentage point to 3.5%.
On June 5, 2007 10, both the Dow Jones index and the Standard & Poor's index hit record highs, and the latter also hit a record closing point.
On September 2 1 2007, the Federal Reserve injected $3 billion into the banking system through the overnight repurchase agreement.
On September 19, 2007, the Federal Reserve injected $9.75 billion into the banking system through the overnight repurchase agreement, reducing the overnight lending rate of commercial banks to 4.75%.
On September 14, 2007, the interest rate of American housing loan fell to the lowest level in four months.
On September 12, 2007, Citigroup provided 2 14 USD to GMAC Finance Company; ; The European Central Bank injected 75 billion euros into the banking system again.
On September 6, 2007, the European Central Bank decided to keep the benchmark interest rate in the euro zone unchanged at 4%. The Bank of England announced that it would keep the benchmark interest rate unchanged at 5.75%.
On September 6, 2007, the interbank lending rate in Britain rose sharply recently, reaching the highest level in the past nine years.
On September 5, 2007, the Federal Reserve injected $8.5 billion into the banking system through the overnight repurchase agreement.
On September 4, 2007, the Federal Reserve injected $5 billion into the banking system through a two-day repurchase agreement. The US manufacturing activity index fell to its lowest level in nearly five months in August.
On August 3rd, 2007, KLOC-0, Barclays Bank borrowed about 654,380.6 billion pounds from the Bank of England for the second time. Ameriquest, the major American subprime mortgage company, no longer accepts new mortgage applications.
On August 3, 2007, KLOC-0, Royal Bank of Scotland (RBS) reduced the number of employees in its investment banking department responsible for the US market.
On August 30, 2007, the Federal Reserve injected another $654.38 billion into the financial system. The Bank of England lent1600 million pounds at a punitive interest rate of 6.75%.
On August 29th, 2007, the Federal Reserve injected $5.25 billion into the financial system again. Ben Bernanke, chairman of the Federal Reserve, sent a letter to the US Congress, suggesting that Congress should make efforts to help borrowers in the subprime mortgage market.
On August 29th, 2007, the share prices of Bear Stearns, Citigroup and Lehman Brothers all plummeted. In the second quarter, the US house price index showed the biggest decline in 20 years.
On August 28, 2007, the credit card default rate of American consumers increased by 30% year-on-year; Investors sold shares in Southeast Asian banks, and Citigroup lowered the year-end target of the Straits Times Index.
On August 28th, 2007, the Federal Reserve injected $9.5 billion into the financial system again. The profit forecast of Countrywide Financial Corp, the largest mortgage company in the United States, was lowered by Lehman Brothers. Goldman Sachs lowered its third-quarter profit forecast for Bear Stearns, Lehman Brothers and Morgan Stanley.
On August 27th, 2007, China Construction Bank indicated that it held US$ 654.38+0.6 billion in subprime mortgage-backed securities in the United States, and had withdrawn 654.38+0.39 billion yuan from mortgage-backed security's investment loss reserve.
On August 24, 2007, the Bank of Japan recovered 300 billion yen from the financial market; The Federal Reserve injected $654.38+07.25 billion into the financial system.
On August 23, 2007, the Federal Reserve injected another $7 billion into the financial system. The European Central Bank once again injected 40 billion euros into the financial system; Lehman Brothers closed its mortgage subsidiary; The big four American banks borrowed $2 billion from the discount window of the Federal Reserve.
On August 23, 2007, most major stock markets in the Asia-Pacific region rose; ICBC and Bank of China successively issued semi-annual reports. The former holds $6,543.8+$22.9 million in subprime-related bonds, while the latter holds more than $9 billion in such assets.
On August 22, 2007, the Federal Reserve injected another $2 billion into the financial system.
On August 2, 2007, the Bank of Japan announced that it would inject another 800 billion yen into banks. The Federal Reserve injected another $3.75 billion into the financial system; The National Finance Corporation confirmed that it has laid off 500 people in the mortgage business department.
On August 20th, 2007, the Bank of Japan injected 65,438+0 trillion yen into the banking system, and the Federal Reserve injected 3.5 billion dollars into the financial system. Japanese stock market soared.
On August 18, 2007, the Federal Reserve lowered the discount rate, and the new york stock market rebounded sharply. The German stock market also rose sharply because the Federal Reserve cut the discount rate.
On August 17, 2007, the decline of European and American stock markets narrowed, and Japan and emerging markets continued to fall. Hong Kong's Hang Seng Index once fell below 20,000 points, and the index of state-owned enterprises once fell more than 10%. The Federal Reserve lowered the rediscount rate by 0.5 percentage point to 5.75%.
On August 17, 2007, the Federal Reserve injected1700 million dollars into the financial system again. National Finance Corporation, the largest commercial mortgage company in the United States, is facing bankruptcy; Global stock markets plunged again.
On August 16, 2007, the Federal Reserve injected another $7 billion into the financial system. Global stock markets plunged. Stock markets in Japan and emerging markets fell far more than those in Europe and America.
On August 15, 2007, the European Central Bank and the Federal Reserve considered making currency swap arrangements; The European Central Bank has injected more than 2 10 billion euros into the banking system of the euro zone; Bank of America began to refuse to issue loans based on subprime credit.
In August 2007 14, the three central banks of the United States, Europe and Japan injected more than 72 billion dollars to rescue the market again; The Asia-Pacific central bank will inject capital into the banking system again.
On August 1 1 day, 2007, central banks around the world injected more than $326.2 billion to rescue the market within 48 hours; The Federal Reserve pumped $38 billion into the banking system three times a day.
From August 9, 2007 to 10, the central banks of Europe, the United States, Canada, Australia and Japan successively injected $302.3 billion into the global economy.
In August 2007, Bank of China and Industrial and Commercial Bank of China were involved in the "American subprime mortgage storm".
In August 2007, Countrywide, the largest mortgage company in the United States, said that the turmoil in the subprime mortgage market began to affect high-quality mortgages.
In July, 2007, Standard & Poor's and Moody's issued a warning to the high-risk mortgage-backed bonds with more than $654.38+0.7 billion.
In July 2007, Macquarie Bank's funds were damaged in the subprime mortgage market.
In July 2007, the investment in American housing mortgage loans was closed.
In June 2007, two hedge funds under Bear Stearns suffered heavy losses due to their investments in the subprime mortgage market.
In April, 2007, the risk of the subprime mortgage market suddenly appeared-it began when mortgage companies applied for bankruptcy protection in the new century.