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The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2] In contrast, in the five years prior to 2008, only 10 banks failed. [ 2 ] [ 3 ] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates.
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
2008 $5.1 billion $7.2 billion Silverton Bank Atlanta: Georgia: 2009 $4.1 billion $5.8 billion Imperial Capital Bank La Jolla: California: 2009 $4.0 billion $5.7 billion PFF Bank & Trust Pomona: California: 2008 $3.7 billion $5.2 billion La Jolla Bank La Jolla: California: 2010 $3.6 billion $5 billion Frontier Bank Everett: Washington: 2010 $3. ...
Investing your hard-earned cash in companies. ... In spite of $300 million in investment capital (largely spent on advertising), it failed after two years. ... Paula Pant ditched her 9-to-5 job in ...
A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.
Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis. This combined with heavy losses reported by Hypo Real Estate itself led to a bailout by the Deutsche Bundesbank and later to a complete nationalization of the company. Schlecker: Germany: 23 Jan 2012: Retail
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