HSBC faces a meltdown at its US credit card operations where around $50bn£34bnbn) has been lent to people with poor credit histories, say analysts.
Throughout the dark days of 2008, when we faced a meltdown of the banking system, she was one of the few finance ministers who understood the gravity of the problem and the urgency of acting fast.
Serbia, which is in talks with the IMF, said it would not need extra cash, though it might draw on its $695 million deposit at the fund.In London Latvia's central-bank governor, Ilmars Rimsevics, sought to quell fears that his country faced a meltdown on Icelandic lines.
The U.S. banking industry still faces a meltdown in commercial real estate, one of the most highly leveraged parts of the economy.
On the political front, Brazil's first female president faced a meltdown of ethical standards in her cabinet that was startling even in a nation accustomed to the voracity and cynicism of politicians when it comes to plundering public budgets and abusing government privileges.
And by the end of the year, Spain may be facing a mainstream meltdown of the bipartisan political system that has governed since the death of Franco.
Corinthian, a for-profit institution that was, at the time, facing a financial meltdown and several lawsuits over alleged fraud in its recruitment process, had recently started shutting down or selling off its campuses.
"Simply put, New Jersey is facing a transportation meltdown," said Thomas G. Dallessio, vice president and New Jersey director of the Regional Plan Association, one of the main authors of a study on the Transportation Trust Fund, the state's primary mechanism to repair roads and bridges.
It is no injustice to describe Marcus Aurelius's Meditations as one of the finest works of self-help ever written, as relevant to someone facing a financial meltdown as the disintegration of an empire.
