IKB
2008-08-21 IKB Implodes: IKB was bailed out again! This is the final bailout which is actually a buyout of the subprime battered German bank. With that we say that the tortured bank has imploded not so...
View ArticleLehman Brothers
2008-09-14: They’re goners. 2008-09-11 Q3: Lehman Brothers reported its fiscal third-quarter 2008 results last night. The results weren’t due for another week, but maybe they were afraid they wouldn’t...
View ArticleHBOS PLC
2008-09-19 – HBOS Implodes: The symbols of a community always have intrinsic value to the people in it even though they benefit directly in no meaningful way. Even though the residents of Brooklyn New...
View ArticleRoyal Bank of Scotland
2008-10-13 -Royal Bank of Scotland Implodes: Once the king of European banks, the Royal Bank of Scotland finally ran out of credit and crashed over the weekend. The bank had been burning white hot...
View ArticleIceland’s Glitnir Bank
The credit crunch swept over the small country of Iceland like a tsunami and Glitnir Bank became the first major Icelandic bank to be nationalized. The government said it bought a 75 percent stake in...
View ArticleIceland’s Kaupthing Bank
The credit crunch swept over Iceland like a cold tsunami, shutting down the country’s largest lender, Kaupthing Bank, crashing the national economy and threatening to bring down the government....
View ArticleIceland’s Landsbanki Islands
The cold water of the credit crunch swept Iceland’s Landsbanki Islands out to sea, forcing all of Europe into panic. Glitnir Bank hf, Landsbanki Island hf and Kaupthing are unable to finance about...
View ArticleMerrill Lynch –>$115.4B
2008-12-31 2008 – Imploded: Merrill Lynch has not been bailed out, bought up or kept around for any other reason than to pay Thain’s bouns. The bank exists in name only so, going into 2009 we will drop...
View ArticleNational City
2008-10-24 –National City Implodes: With write-downs and losses piling up and no possible means of generating earnings to fight back, National City Corp took an offer from the Treasury czar that it...
View ArticleBradford & Bingley
Bradford & Bingley did not demutualise, which is what the British call going public, until December 2000. Just eight short years later, with the credit crisis casting a pall over the European...
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