The action was in response to a weakened funding position and the reputational damage to the bank arising from unacceptable practices that took place within it at a time when overall market sentiment was already negative towards the institution. It meant that recapitalisation was no longer the appropriate and effective way to secure its continued viability.
8 For more information about the Index of Common Inflation Expectations, see Hie Joo Ahn and Chad Fulton (2020), “Index of Common Inflation Expectations,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, September 2), https://doi.org/10.17016/2380-7172.2551. 7  U.S. auto plants.