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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.
Guaranty Bank, Texas BBVA Compass, Alabama Savings and loan association [66] September 25, 2009: Colonial Bancgroup: Chapter 11 bankruptcy and liquidation Bank holding company [67] October 5, 2009: Hypo Alpe Adria Bank: Government of Austria: Bank, Mortgage lender [68] October 21, 2009: DSB Bank: Bank, Insurance [69] October 30, 2009: Cal ...
As part of a reorganization plan agreed to with the U.S., Canadian and Ontario governments, and the company's unions, General Motors filed for Chapter 11 bankruptcy protection in a federal Manhattan court in New York on June 1, 2009, at approximately 8:00 am, planning to re-emerge as a less debt-burdened organization. [13]
According to NBC News, “The company went public in 2021 as the pandemic lingered and during an apparent boom in at-home, do-it-yourself consumer activity.” 7. Express
As the economy emerged out of the Covid-19 pandemic, companies faced a laundry list of problems arising from high costs, supply shortages and growing competition. Here are 7 of the well-known ...
The company filed for bankruptcy in September 2020, saying the pandemic had tanked demand and sales. It also noted that it had received notices of default from the landlords of 49 locations.
Although economic activity is likely to remain weak for a time, the Committee continues to anticipate that policy actions to stabilize financial markets and institutions, fiscal and monetary stimulus, and market forces will contribute to a gradual resumption of sustainable economic growth in a context of price stability. [188]
Type of company bankrupt or closed Ref. April 27, 2007: Sharebuilders Federal Credit Union, Northridge, California: closed and liquidated by NCUA credit union [36] November 2, 2007: Green Tree Credit Union, Feasterville, Pennsylvania: closed and liquidated by NCUA; a portion of the assets were transferred to Freedom Credit Union, Warminster ...