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Panic of 1866, was an international financial downturn that accompanied the failure of Overend, Gurney and Company in London; Great depression of British agriculture (1873–1896) Long Depression (1873–1896) Panic of 1873, a US recession with bank failures, followed by a four-year depression; Depression of 1882–1885; Panic of 1884. [5 ...
Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle; Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England; Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression; Panic of 1847, United Kingdom
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.
Most bank failures don't make front-page news, so many people don't know how often they happen. Recently, however, the second-biggest bank failure in American history dominated headlines as Silicon...
Although the Japanese invasion force was half of the size of the defending force, Japanese air attacks on the city and lack of water proved decisive. Prime Minister Winston Churchill considered it to be the worst defeat in British military history, and it's been credited for undermining British prestige in Southeast Asia. Battle of Midway (June ...
Among his most explosive flops are a literal series of explosions: His SpaceX, one of the most ambitious private ventures in history, began in 2006 with its first rocket launch ending in one. The ...
Accounting fraud. An auditor was murdered, an adviser committed suicide. The largest collapse in Hong Kong history. Texaco: United States: 13 April 1987: Oil: After a legal battle with Pennzoil, whereby it was found to owe a debt of $10.5 bn, Texaco went into bankruptcy. It was later resurrected and taken over by Chevron. Qintex: Australia ...
In 1994, Jeff Bezos co-founded the future e-commerce behemoth Amazon in a Seattle garage. In an interview with Time magazine, the Amazon CEO revealed he gave himself a 30 percent chance that ...