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Yes Bank (stylised as YES BANK) is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Rana Kapoor and Ashok Kapur in 2003. [5] Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs. [6] [7]
Also called the Great Crash or the Wall Street Crash, leading to the Great Depression. Recession of 1937–1938: 1937 USA: Lasting around a year, this share price fall was triggered by an economic recession within the Great Depression and doubts about the effectiveness of Franklin D. Roosevelt's New Deal policy. Kennedy Slide of 1962: 28 May ...
Panic of 1857, a U.S. recession with bank failures; Panic of 1866, Europe; Panic of 1873, a U.S. recession with bank failures, followed by a 4-year depression; Panic of 1884, United States and Europe; Panic of 1890, mainly affecting the United Kingdom and Argentina; Panic of 1893, a U.S. recession with bank failures; Australian banking crisis ...
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
Bank stocks struggled today as investors grew more concerned about the economy and the strength of consumers. Shares of JPMorgan Chase (NYSE: JPM), the largest bank in the U.S. by assets, fell 4.5%.
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It was a systematic stock scam using fake bank receipts and stamp paper that caused the Indian stock market to crash. The scam exposed the inherent loopholes of the Indian financial systems and resulted in a completely reformed system of stock transactions, including an introduction of online security systems. [1]
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