We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Global financial crisis and its effects on Nokia Company - Assignment Example

Comments (0) Cite this document
Summary
This paper talks about the origination and unfolding of the world financial crisis, which started back in 2008, and its effects on the money lending institutions globally. Also, the impact of the crisis on Nokia company is considered. The aftermath of the crisis still impacts the world economy…
Download full paper
GRAB THE BEST PAPER
Global financial crisis and its effects on Nokia Company
Read TextPreview

Extract of sample
Global financial crisis and its effects on Nokia Company

Download file to see previous pages... On one side, many people believed those responsible for the crisis were the ones receiving bailouts, whereas on the other end, the worldwide financial problems were to affect the livelihoods of almost every individual on the planet due to global interconnection. The subprime turmoil came about in large potion due to the financial tools such as securitization used by banks (Sheila, 2008: 20). Through securitization, banks would pool some of their loans into sellable assets. In so doing, they off-load the risky loans onto others. For this matter, banks knew they would make millions of cash through money-earning loans. However, these money-earning loans tied up for decades, therefore, banks turned them into securities. Security buyers received payments regularly from all mortgages. As a result, the U.S. banks off- loaded their risks. Upon testing this instrument, financial gurus saw securitization as perhaps the greatest innovation of the 20th century. With economic slump entrenching its effects into the global economy, the divisions of the Nokia including telecommunication and mobile phones division started backing up the pillars of Nokia. In spite of the global deep recession, Nokia grasped potential, quickly came to its feet, and soon started streamlining its business. Financial crisis affected most financial institutions. However, as the securitization business continued buoying, high street banks got into a form of investment banking where they bought, sold, and traded risks. Same investment banks not contented with trading risks, selling and buying, they ventured into home loans and mortgages while they lacked the right management and controls. Many banks took huge sums of money inform of loans thus increasing their...
This paper seeks to address the global issue of the financial crisis unfolding, and tries to consider the effects the crisis had on money lending institutions. Also, the change in the financial state of Nokia company is being considered against the background of the crisis.
The subprime turmoil came about in large potion due to the financial tools such as securitization used by banks . Through securitization, banks would pool some of their loans into sellable assets. In so doing, they off-load the risky loans onto others. For this matter, banks knew they would make millions through money-earning loans. These money-earning loans tied up for decades, therefore, banks turned them into securities. Security buyers received payments regularly from all mortgages. The U.S. banks off-loaded their risks.
Financial crisis affected most financial institutions. High street banks got into a form of investment banking where they bought, sold, and traded risks. Same investment banks not contented with trading risks, selling and buying, they ventured into home loans and mortgages while they lacked the right management and controls. Many banks took huge sums of money in form of loans thus increasing their exposure to financial problems.
When people eventually began noticing the risk, their confidence fell down at an alarming rate. As a result, the level of lending slowed down at once and in other cases ceased .
September 14, 2008 witnessed Lehman Brothers collapse. Following its collapse, governments worldwide struggled to rescue their gigantic financial institutions as the state of the failing stock and housing sectors persisted.
In conclusion, global financial crisis was inflicting and driving even the developed economies bankrupt. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Global financial crisis and its effects on Nokia Company Assignment”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1396393-global-financial-crisis-and-its-effects-on-nokia-company
(Global Financial Crisis and Its Effects on Nokia Company Assignment)
https://studentshare.org/macro-microeconomics/1396393-global-financial-crisis-and-its-effects-on-nokia-company.
“Global Financial Crisis and Its Effects on Nokia Company Assignment”, n.d. https://studentshare.org/macro-microeconomics/1396393-global-financial-crisis-and-its-effects-on-nokia-company.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Nokia Company Product Marketing Plan
The aim of the marketing plan is to develop an environment friendly mobile phone which Nokia is going to launch in their existing markets. The focus of this plan are the aspects that Nokia requires to follow. This marketing plan also provides information of the company’s basic goals and objectives.
24 Pages(6000 words)Assignment
Monetary Policy for Global Financial Crisis
165. 9 Mishkin, F., 2007, Monetary policy strategy, Massachusetts, MIT Press pp.243. 9 Reynolds, A., 2001, The Fiscal-Monetary Policy Mix: Cato Journal, Vol. 21, Florida: Fall. Pp. 45-67. 9 Monetary Policies for the Global Financial Crisis Introduction The United States controls most of the world’s economies, meaning that an economic crisis born there will result in the disability of the entire world.
7 Pages(1750 words)Assignment
The Effects of Merger and Acquisitions on the Recent Worldwide Financial Crisis
Most importantly, though, Mergers and Acquisitions come into play at times when firms are faced with a financial crisis that could lead to their collapse. These firms are taken over, or merge with other strong firms, to mitigate the risks of the crises. (J.S, 2001) Even though these terms are commonly used interchangeably, they have clear distinct meanings.
5 Pages(1250 words)Assignment
Analyzing Effects of Merger and Acquisitions on the Recent Worldwide Financial Crisis
The effects included collapsing of financial institutions, a fall in stock markets, mergers and acquisitions, among others. The last two decades have marked significant growth of activities involving merger and acquisition. The volumes of M&A have reached the world record levels (Campbell 2011).
5 Pages(1250 words)Assignment
Causes of the Global Financial Crisis and its impacts
The impact was intense. There were people had lost their homes and jobs, all stocks within the financial companies had been made worthless, it was the signal of a start over for the lives of many, who had been affected directly or indirectly. This was given several names, the common ones being The Global Financial Crisis or 2008 financial crisis.
6 Pages(1500 words)Assignment
Effects of the Global Financial Crisis on the Kingdom of Bahrain and Its Central Bank
The financial crisis began in 2007 in United States following unsustainable trends in the subprime sector after governments pursued aggressive housing policy to increase home ownership (Hamad 1). Consequently, there was increased liquidity which turned out be difficult to repay.
4 Pages(1000 words)Essay
Impact of the Global Financial Crisis of 2007/2008 on the Qatari Economy
This report discusses the impact of the global financial crisis in Qatar. The case study is reflected in comparison with the situation in other countries in the same region. The financial crisis is evaluated in the light of statistics and results. Many financial indicators are discussed which highlight the effects of the chaos in international market.
9 Pages(2250 words)Assignment
Global Financial Crisis
Record numbers of people have lost their jobs in the past year and a half. I have taken up the global financial crisis as my focus of discussion. The essay has been structured into three parts. The first part explains what recession is. The second part analyses the causes for this economic downturn and the third portion is where I have tried to provide some solutions that might help preventing the situation in the future.
5 Pages(1250 words)Essay
Financial crisis
The main problem ist common phenomena in a financial crisis. The fuse can be the financial products, the markets, or the institutions of any countries, currency devaluation, price slump of financial assets, stock and bond market crash, and collapse of firms. There are four types of financial crisis which include monetary, debt, banking and subprime crisis.
7 Pages(1750 words)Assignment
Effects of Regulation/Deregulation in the Recent Financial Crisis
In the course of their operations, financial institutions are subject to some governing rules and regulations by an established body. . Among the various forms of regulations that are instituted include antitrust enforcement, conflict rules, capital standards, asset restrictions, disclosure rules, interest rate ceilings, geographic and product line entries, investing and reporting requirements.
6 Pages(1500 words)Assignment
Let us find you another Assignment on topic Global financial crisis and its effects on Nokia Company for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us