GFC in Banking Meaning
The GFC meaning in Banking terms is "Global Financial Crisis". There are 1 related meanings of the GFC Banking abbreviation.
GFC on Banking Full Forms
- Global Financial Crisis The collapse of credit and consequent global recession that occurred in 2008 as over-extended financial institutions, especially but not exclusively banks, found their assets devalued by defaulting debtors, especially owners of houses whose property values had fallen below their mortgage values due to the bursting of the housing bubble.
Frequently Asked Questions (FAQ)
What does GFC stand for Banking?
GFC stands for Global Financial Crisis in Banking terms.
What is the shortened form of Global Financial Crisis in Banking?
The short form of "Global Financial Crisis" is GFC for Banking.
Citation
GFC in Banking. Acronym24.com. (2020, May 24). Retrieved May 21, 2024 from https://acronym24.com/gfc-meaning-in-banking/
Last updated