Financial system/Timelines: Difference between revisions

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imported>Nick Gardner
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imported>Nick Gardner
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* 1864 US National Bank Act - established a national banking system and the chartering of national banks.
* 1864 US National Bank Act - established a national banking system and the chartering of national banks.


* 1866 Overend and Gurney bank rescued
* 1866 Overend and Gurney bank rescued[[http://www.ehs.org.uk/ehs/conference2003/assets/Taylor.doc]


* 1890 Barings bank rescued
* 1890 Barings bank rescued
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* 1989  LTCM hedge fund rescued[http://www.erisk.com/Learning/CaseStudies/Long-TermCapitalManagemen.asp]
* 1989  LTCM hedge fund rescued[http://www.erisk.com/Learning/CaseStudies/Long-TermCapitalManagemen.asp]


* 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933,  and introduced other changes including expanding the Federal Home Loan Bank System.
* 1997 Asian banking crisis[http://www.eastwestcenter.org/fileadmin/stored/pdfs/api078.pdf][http://www.bis.org/publ/work64.pdf?noframes=1].
 
 
* 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933,  and introduced other changes including expanding the Federal Home Loan Bank System.


* 2007  [[Subprime mortgages crisis]]
* 2007  [[Subprime mortgages crisis]]

Revision as of 04:39, 9 June 2009

This article is developed but not approved.
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A timeline (or several) relating to Financial system.
  • 1694 Formation of the Bank of England
  • 1720 South Sea Bubble
  • 1864 US National Bank Act - established a national banking system and the chartering of national banks.
  • 1866 Overend and Gurney bank rescued[[1]
  • 1890 Barings bank rescued
  • 1913 US Federal Reserve Act - established the Federal Reserve System
  • 1933 New Deal
    US Glass-Steagall Act - created the Federal Deposit Insurance Corporation. Separated commercial banking from investment banking.[[2]
  • 1980 US Depository Institutions Deregulation and Monetary Control Act
  • 1986 UK Building Societies Act [3][4]
  • 1987 Global stock market crash
  • 1989 LTCM hedge fund rescued[5]
  • 1997 Asian banking crisis[6][7].


  • 1999 US Gramm-Leach-Bliley Act - repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.