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The cost of the banking crisis to private investors – many of them first-time investors – is spelled out by new research showing that the near £1,500 windfall of shares handed to millions of former members of Halifax when it converted from a building society has collapsed in value to £38.
Reportedly Orange has an has option to buy the rest later, just as soon as the last half of the company has collapsed in value because no-one else will be competing for other 51%.
Over the ensuing decades the U.S. economy alone has suffered three dollar-driven oil "shocks," more than three recessions and a contraction of its capital base thanks to a unit of account that has collapsed in value.
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In a separate move private equity firm Candover said its funds had collapsed in value by more than 50%.
Meanwhile, the assets that insurers have invested in to pay for those liabilities have collapsed in value.
In the past year or so, collateralized debt obligations — complex debt securities, sometimes given sterling triple-A ratings by credit rating agencies — have collapsed in value as the underlying mortgages proved to be a lot riskier than computer models predicted.
Party identification has collapsed in Indonesia".
But now it has collapsed in flames.
The region has collapsed in on itself.
Jeb Bush has collapsed in the polls.
Six banks had collapsed in five years.
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