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Pages in category "Companies that filed for Chapter 11 bankruptcy in 2008" The following 102 pages are in this category, out of 102 total. This list may not reflect recent changes .
Lehman Brothers' financial strategy in 2003 was to invest heavily in mortgage debt, in markets which were being deregulated from consumer protection by the US government. Losses mounted, and Lehman Brothers was forced to file for Chapter 11 bankruptcy after the US government refused to extend a loan. The collapse triggered a global financial ...
This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:
Avon Products, Inc. (/ ˈ eɪ v ɒ n / AY-von) is an Anglo-American [9] multinational company selling cosmetics, skin care, perfume, and personal care products. It is a multi-level marketing company based in London. In 2020, Avon had annual sales of $9.1 billion worldwide. [2]
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
August 16: Countrywide Financial Corporation, the biggest U.S. mortgage lender, narrowly avoids bankruptcy by taking out an emergency loan of $11 billion from a group of banks. [ 162 ] August 17 : The Federal Reserve cuts the discount rate by half a percent to 5.75% from 6.25% while leaving the federal funds rate unchanged in an attempt to ...
Global Crossing: A telecommunications company founded in 1997; it reached a market capitalization of $47 billion in February 2000 before filing bankruptcy in January 2002. [22] theGlobe.com: A social networking service that launched in April 1995 and made headlines when its November 1998 IPO resulted in the largest first day gain of any IPO to ...
Financial crisis of 2007–2008, including: Subprime mortgage crisis in the U.S. starting in 2007; 2008 United Kingdom bank rescue package; 2009 United Kingdom bank rescue package; 2008–2009 Belgian financial crisis; 2008–2011 Icelandic financial crisis; Great Recession in Russia; 2008–2009 Ukrainian financial crisis; 2008–2014 Spanish ...