The young Nick Leeson while working as a trader at Barings Bank in the mid-1990's. His ~ $1.5 Billion in losses led to the fall of his bank, Barings, founded in 1762.
Usually, the bank that takes over will issue new stock certificates in the name of the bank that took over the other one. Those can be sold as any other stock. If the take-over bank has not done that, for example if the new bank did not know where to send the new certicicates, then just contact the bank to request that new stock be issued. You may also be able to just contact a stockbroker who might be able to do all of this for you.
State Bank of India was originally called the Imperial Bank of India and was established in the year 1806 when the British ruled India. Later when India got its independence, the government of India, took over control and was nationalized and renamed to State Bank of India.
Dime Savings Bank took over Anchor Savings Bank, both of NY.
If u received a letter stating Bank Of America has an escrow check with your name on it, it is not as false as it seems. took some tracking down, but the bank did screw up, the money is yours!!
The word collateral in business is that the bank has rights to take away your collateral or something that you put in stock that you own. For example, John owns a farm and he took a loan. The problem is that he didn't deposit his loan in the bank back, so the bank took his collateral that he put in the bank if he didn't pay his loan back. So that is why the bank has John's farm. So I prefer that if you take a loan, then pay your loan back. Or else your collateral is bye-bye.
Capital One Bank
WAMU
The stock market crashes, and led to people taking out their stocks. This then led to unemployment, and people needed money so they took everything out of their banks. This then led to the banks failing.
First Community Bank of Bluefield, Virginia took over Waccamaw Bank of Whiteville, NC on June 8, 2012.
Bb&t
bank of america in 2005
Some American investment banks that took TARP money include the Bank of New York Mellon, Capital One Financial Bank, State Street Bank, and Northern Trust Bank.