1980-2000

Barings Bank, the oldest merchant bank in London, collapsed in February 1995 after trader Nick Leeso...

Russia defaulted on 40 billion in domestic debt on August 17, 1998. The Russian government had finan...

Orange County, California filed for Chapter 9 bankruptcy on December 6, 1994, the largest municipal ...

The Bank of Credit and Commerce International was shut down by regulators in seven countries on July...

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

Penn Square Bank of Oklahoma City failed on July 5, 1982. The bank had 470 million in assets. Penn S...

The Savings and Loan Crisis of the 1980s and early 1990s resulted in the failure of over 1,000 savin...

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

Texaco filed for Chapter 11 bankruptcy on April 12, 1987, to avoid posting a bond while appealing a ...

Johns-Manville filed for Chapter 11 bankruptcy on August 26, 1982. Manville was the largest manufact...

Drexel Burnham Lambert filed for bankruptcy on February 13, 1990. Drexel was the fifth largest inves...

Whitewater was a failed real estate investment involving Bill and Hillary Clinton. The Clintons part...

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

South Korea was pushed to the brink of sovereign default in December 1997. The Asian Financial Crisi...

Thailand devalued the baht on July 2, 1997, triggering the Asian Financial Crisis. The baht had been...

Indonesia was the worst affected country in the Asian Financial Crisis. The rupiah lost 80 percent o...

Mexico experienced the Tequila Crisis in 1994 to 1995. The peso was devalued in December 1994 after ...