Search results
Results From The WOW.Com Content Network
The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank. Germany.
The list below is based on assets at the time of failure of banks insured by the Federal Deposit Insurance Corporation. [1] [2] Bank City State Year
Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
The Scandal:Enron Bankruptcy The players: Ken Lay, Jeffrey Skilling, Andrew Fastow. The story: Named "America's Most Innovative Company" six years in a row by Fortune magazine, Enron was a major ...
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] In contrast, in the five years prior to 2008, only 10 banks failed. [2][3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized ...
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate ...
Judicial branch. Alcee Hastings (D-FL) Federal District Court Judge was impeached by the House and convicted by the Senate of soliciting a bribe. (1989) [374] Harry Claiborne (D-NV) Federal District Court Judge was impeached by the House and convicted by the Senate on two counts of tax evasion.
Buca di Beppo was founded in 1993 and sold to Planet Hollywood in 2008, following an accounting scandal involving some of its top executives. World of Beer Tavern chain World of Beer filed for ...