Crash of 2008/Timelines: Difference between revisions
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17 US government nationalises '''American Insurance Group''' [http://money.cnn.com/2008/09/16/news/companies/AIG/?postversion=2008091710]. | 17 US government nationalises '''American Insurance Group''' [http://money.cnn.com/2008/09/16/news/companies/AIG/?postversion=2008091710]. | ||
:'''Russian stockmarket meltdown''' [http://www.spiegel.de/international/business/0,1518,578893,00.html]. | :'''Russian stockmarket meltdown''' [http://www.spiegel.de/international/business/0,1518,578893,00.html] | ||
:UK's '''Halifax/Bank of Scotland (HBOS)''' accepts rescue bid from Lloyds TSB [http://news.bbc.co.uk/1/hi/business/7622380.stm]. | |||
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [http://www.ft.com/cms/s/0/33d2214e-8968-11dd-8371-0000779fd18c.html]. | 18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [http://www.ft.com/cms/s/0/33d2214e-8968-11dd-8371-0000779fd18c.html]. | ||
23 US Federal Reserve Bank protects '''Goldman Sachs''' and '''Morgan Stanley ''' banks[http://www.ft.com/cms/s/0/3119223e-8906-11dd-a179-0000779fd18c.html]. | 23 US Federal Reserve Bank protects '''Goldman Sachs''' and '''Morgan Stanley ''' banks[http://www.ft.com/cms/s/0/3119223e-8906-11dd-a179-0000779fd18c.html]. | ||
Revision as of 08:03, 25 September 2008
For definitions of the terms shown in italics, see the related articles subpage of the main article.
The 1980s
Financial deregulation In the USA [1], [2], the UK [3].
Savings and Loans crisis - Failure of 296 US "Savings and Loans" mortgage lenders [4]
1987 stock market crash [5]
The 1990s
Failure of a further 451 US "Savings and Loans" mortgage lenders.
Asian banking crisis [6].
Basel I recommended banking regulations published [7].
The year 2007 (summary)
US Subprime mortgage crisis [8].
US house prices fall throughout 2007 [9].
2007
August
Collapse of interbank markets
September
UK Northern Rock bank run [10]
The year 2008 (summary)
2008
January
Basel II banking regulation recommendations take effect [11]
US mortgage lender Countrywide sold to Bank of America after its share price drops by 48% [12].
February
British government nationalises Northern Rock bank [13].
August
US Government's Fannie Mae and Freddie Mac rescue [14].
September
7 Fannie Mae and Freddie Mac nationalised [15].
12 Lehman Brothers seek bankruptcy protection [16]
15 US Federal Reserve Bank rescues Bear Stearns bank [17].
17 US government nationalises American Insurance Group [18].
- Russian stockmarket meltdown [19]
- UK's Halifax/Bank of Scotland (HBOS) accepts rescue bid from Lloyds TSB [20].
18 US Treasury and Federal Reserve Bank propose a scheme to take "toxic assets" out of the US banking system [21].
23 US Federal Reserve Bank protects Goldman Sachs and Morgan Stanley banks[22].