Even in case you perceive the chapter of Lehman and the AIG “bail-out”, with the inventory market down over 20%, folks need to know what to do with their money now. The downward pattern within the variety of EU-28 credit score institutions, which began in 2009, continued in 2018, albeit at a slower tempo, with the number falling to six,088. This marked a decline of 2.6% compared to the previous 12 months and a reduction of 2,437 (-29%), in whole, since contraction started, which means that one out of four credit score establishments has disappeared for the reason that monetary disaster. Most of the consolidation has occurred within credit establishments, legally included into the reporting country, where the inventory has fallen by 33% since 2008. Consolidation within the banking sector continues serving to to scale back overcapacity and aiming for enhancing profitability.
Osteryoung et al (1997) writes that “whereas monetary …