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Panic of 1907, a U.S. economic recession with bank failures; Shōwa Financial Crisis, a 1927 Japanese financial panic that resulted in mass bank failures across the Empire of Japan. Great Depression, the worst systemic banking crisis of the 20th century; Secondary banking crisis of 1973–1975 in the UK; Japanese asset price bubble (1986–2003)
On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2]
The drop in deposits, which amounted to 2.5%, was largely due to movement by uninsured depositors who were above the $250,000-per-account level backstopped by the FDIC.
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
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With the U.S. government on the verge of a partial shutdown, a timeline of more than 20 closures since 1976.
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As of April 22, 2020, about 25% of the pork processing capacity of the nation had been cut. [106] Beginning in late March 2020, weekly beef production was down 19% year-over-year. [107] As the fastest-growing mass-market meat animal in the United States, chickens were the most vulnerable to farms running out of capacity to hold an excess ...