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This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
Company Source of loss Year Person(s) associated with incident at time of loss USD 10 bn 1 USD 10 bn -19.4% USD 8.06 bn United States: Archegos Capital Management [4] Total return swaps 2021 Bill Hwang: USD 9 bn: 1: USD 9 bn: −3.7%: USD 8.67 bn United States: Morgan Stanley [5] Credit Default Swaps: 2008 Howie Hubler: USD 9 bn: 1: USD 9 bn ...
Company Country Debt (billions of US$) 1 Volkswagen AG Germany: 192 2 AT&T United States: 176 3 Daimler AG Germany: 151 4 Toyota Japan: 138 5 SoftBank Group Japan: 135 6 Verizon Communications United States: 129 7 Ford Motor Company United States: 122 8 BMW Germany: 114 9 Comcast United States: 104 10 Anheuser-Busch and InBev Belgium: 96 11 ...
The largest civil-damage award in business history was first rendered in 1985 in the case of v. Pennzoil. However, it was far from certain that the $10.53 billion judgment would stand on appeal
In 2002, AOL Time Warner reported nearly $100 billion in losses, at the time the largest annual loss in history, according to the 2003 Fortune 500 list. The company never fully recovered after 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 2023, the Federal Reserve spent $114.3 billion more than it brought in — its largest operating loss on record. Compared to 2022 when the central bank brought in a net income of $58.8 billion ...
Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos were program trading and illiquidity, both of which fueled the vicious decline for the ...