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This is a list of banks in the United States affected by the 2007–2008 financial crisis. The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have: been taken over or merged with another financial institution, been declared insolvent or liquidated, or; filed for bankruptcy.
Savings and loan association € 550,000,000 [76] November 8, 2010: Ambac: Chapter 11 bankruptcy and restructuring Insurance company [77] March 17, 2011: Banco Filipino: Philippine Deposit Insurance Corporation: Savings and loan association $ 191,800,000 (₱8,400,000,000) September 30, 2011: CatalunyaCaixa: Government of Spain: Savings and ...
The collapse and bankruptcy of fintech middleman Synapse in May has left more than 100,000 Americans locked out of a collective $90 million of their own money, prompting a class action lawsuit.
The bank was founded in 1960 and was located in the rear of the Penn Square Mall [2] in Oklahoma City.The bank made its name in high-risk energy loans during the late 1970s and early 1980s Oklahoma and Texas oil boom.
There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.
In February, the center filed for Chapter 11 bankruptcy after reportedly discovering founder Leo Govoni loaned himself $100 million over more than a decade and never repaid it.
Subprime mortgage crisis; Cottage Savings Ass'n v. Commissioner, a United States Supreme Court case dealing with the tax consequences of the S&L crisis; United States v. Winstar Corp., a U.S. Supreme Court case that gives a concise but useful history of the crisis and the accounting practices that aggravated that crisis
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