The British government said Monday it would provide up to 37 billion pounds (US$63 billion) in government money to boost the balance sheets of three of Britain's largest banks. (Oct. 13)... ( read more )
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
The British government has been bailing out banks since the 2008 financial crisis. The reason for this is that the banks were in trouble due to their own actions, and the government had to step in to prevent a collapse of the financial system. Banks are a crucial part of the economy. They provide loans to individuals and businesses, keep money safe, and facilitate transactions. However, banks can make mistakes, and in some cases, they can be reckless in their lending practices. The financial crisis of 2008 was caused in part by the banks' risky lending practices. They lent money to ...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)