The ripple effect of the turmoil in American and European markets led to liquidity issues and heavy redemption pressure on the mutual funds in India, as several investors, especially institutional investors, started pulling out their investments in liquid and money market funds.
He looked again at the sign above him: it still read “Waste Department”; and he left – never to return. Now, had I been trained as a banker, this would never have happened. I would have known what was expected of the “Waste Department”, independently of Nelly who wouldn’t have mattered.