Analysts and investors criticized the merger of Commerzbank and Dresdner Bank amid the ongoing global economic and financial crisis.
[1] Due to the credit risks of Dresdner Bank that became apparent at the end of 2008, Commerzbank utilized the Special Fund for Financial Market Stabilization (SoFFin).
[2] After the German federal government and the European Commission agreed on the assistance details, Commerzbank received a silent participation of 8.2 billion euros in early December 2008.
[15] On March 6, the Bank of England announced up to 150 billion pounds of quantitative easing, increasing the risk of inflation.
[17] By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the index had last seen in 1997.