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Bank CEOs at Davos warn against repeating 2006's mistakes
Technology
Published in 24-1-2018
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DAVOS, Switzerland - Bankers, politicians and CEOs trudged their way through several feet of snow in the Swiss ski resort of Davos so they could attend the World Economic Forum's annual meeting. What they found was good news about a once-ailing Europe, warnings about the financial crisis to (possibly) come, and protectionist shock waves from across the Atlantic. Is it 2006 all over again? With the stock market soaring, finance executives are telling investors to avoid repeating the mistakes of 2006. The leaders of Citigroup, Barclays and Carlyle Group all drew parallels between today's markets and those before the Great Recession more than 10 years ago.
Reference: www.chron.com