A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, leading to a widespread loss of confidence among investors and the public. It typically results from a combination of factors, including excessive debt, market speculation, mismanagement of financial institutions, and regulatory failures. Financial crises can manifest as bank runs, stock market crashes, currency devaluations, or major downturns in the economy. They often lead to recessions or economic contractions, causing significant social and economic disruption. Financial crises can have global implications, affecting international markets and economies. Examples include the Great Depression of the 1930s, the 2008 financial crisis triggered by the collapse of the housing market, and the 1997 Asian financial crisis.
The Orléans Loiret Basket (OLB) experienced a drastic performance decline in just three days, going from champions to losing badly against Denain. Initially, OLB held a narrow lead, but poor…