Financial Crisis

Lehman Brothers filed for Chapter 11 bankruptcy on September 15, 2008, the largest bankruptcy filing...

Bear Stearns collapsed in March 2008, six months before Lehman. Bear Stearns was the fifth largest i...

Lehman Brothers International Europe, the European arm of Lehman Brothers, entered administration on...

Continental Illinois National Bank failed in 1984 in what was then the largest bank failure in US hi...

Long Term Capital Management was a hedge fund founded in 1994 by John Meriwether, formerly of Salomo...

The Lehman bankruptcy triggered global contagion. Money market funds broke the buck as the Reserve P...

AIG received a 182 billion government bailout in September 2008. The insurance giant had sold credit...

Citigroup received 45 billion in TARP capital injections plus a government guarantee on 306 billion ...

Bank of America acquired Merrill Lynch on January 1, 2009 for approximately 50 billion. The deal was...

Fortis, a Benelux banking and insurance group, was broken up and nationalized in September 2008. For...

Hypo Real Estate, Germanys second largest commercial property lender, collapsed in September 2008. H...

UBS lost approximately 50 billion on US subprime mortgage investments. The Swiss bank had been the l...

Royal Bank of Scotland was effectively nationalized in October 2008. The UK government took an 84 pe...

HBOS, formed from the merger of Halifax and Bank of Scotland, was rescued through acquisition by Llo...

Wachovia was acquired by Wells Fargo in October 2008 for 15 billion in stock, avoiding collapse. Wac...

Merrill Lynch was acquired by Bank of America in September 2008 before it could fail. Merrill had lo...

The collapse of Drexel Burnham Lambert had lasting effects on Wall Street. Michael Milken inspired a...