The smaller institutions also had almost all the cash they needed to withstand a financing shock, according to the committee, which consists of national bank regulators and heads of central banks.
S.& P. warned that Germany's rating could be moved down for the first time by one notch, to AA+ from AAA, if its analysts concluded that the central bank's current policy was "unlikely to be effective in mitigating the economic and financing shocks that we believe Germany could be experiencing".
Martin Lewis, the man most trusted by the British to inform them about their personal finances, is shocked by Brexit but calm about the consequences.
The speed with which investors fled the tumbling peso and the knock-on effect on other countries looked like the hallmarks of new kind of financial debacle, one that resulted from vast international capital flows sweeping into and out of emerging economies ill-prepared to deal with them.The big brains of international finance were shocked by both the sudden onset of the crisis and its virulence.
Jack Lang, a longtime Socialist culture minister and, later, finance minister, was shocked to see his friend jailed for an incident in which "no one died"; Jean-François Kahn, the publisher of Marianne, called the alleged assault a "troussage de domestique".
The Zurich Insurance Group finance chief who shocked Switzerland by taking his own life a week ago is alleged to have complained in his suicide note he was "badly treated" and "not valued" by Josef Ackermann, the company's high-profile former chairman who resigned over the death last week.
Jisung Chun, a senior at Economics and Finance, said she was shocked that most people she met did not even realize there were two schools right next to the terrorist attack.
Their actions have caused a drought of foreign financing, a shock to an economy that had ample access to international borrowing markets during the last decade.
If they drop into the Championship, having spent a further £20.5m buying the striker Loïc Rémy and central defender Chris Samba in January, and signing Jermaine Jenas from Spurs, the effect on their finances could be shocking.
"I wish I could say I'm shocked, because it is shocking," said Frank Partnoy, the George E. Barrett professor of law and finance at the University of San Diego School of Law.
