Can you date the latest financial crisis in the United States or in Europe?Are there reasons to think that these crises might have been related? Why? Solution The last financial crisis both in the United States as well as in UK is the financial crisis of 2008. This is a global financial crisis and the crisises are related to one another where the factors contributing are same including the asset liability mismatch, mortgages of banks etc. Sometimes, it is also said one financial crisis is a warning to the next crisis on the whole..