List of banks acquired or bankrupted during the Great Recession
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:
- taken over or merged with another financial institution;
- nationalised by a government or central bank; or
- declared insolvent or liquidated.
Announcement date | Acquired company | Acquirer | Type of company acquired | Value (USD, EUR and GBP) | Reference |
---|---|---|---|---|---|
January 3, 2007 | ![]() |
Chapter 11 bankruptcy and liquidation | Mortgage lender | [1] | |
January 29, 2007 | ![]() |
Chapter 11 bankruptcy and liquidation | Mortgage lender | [2] | |
April 2, 2007 | ![]() |
Chapter 11 bankruptcy and liquidation | Mortgage lender | [3] | |
August 6, 2007 | ![]() |
Chapter 11 bankruptcy and liquidation | Mortgage lender | [4] | |
August 31, 2007 | ![]() |
Chapter 11 bankruptcy and liquidation | largest Subprime Mortgage lender | [5] | |
September 28, 2007 | ![]() |
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Savings and loan association | $14,000,000 | [6][7] |
October 9, 2007 | ![]() |
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Diversified financial services | €70,000,000,000 | |
February 22, 2008 | ![]() |
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Retail and mortgage bank | [8] | |
April 1, 2008 | ![]() |
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Investment bank | $2,200,000,000 | [9] |
June 7, 2008 | ![]() |
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Building Society | £51,000,000 | [10] |
July 1, 2008 | ![]() |
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Mortgage lender | $4,000,000,000 | [11] |
July 14, 2008 | ![]() |
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Retail and mortgage bank | £1,260,000,000 | [12] |
August 26, 2008 | ![]() |
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Retail bank | $896,800,000 (kr4,500,000,000) | [13] |
September 7, 2008 | ![]() |
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Mortgage lenders | $200,000,000,000 | [14][15][16] |
September 8, 2008 | ![]() |
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Building society | £7,100,000,000 | [17] |
September 8, 2008 | ![]() |
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Building society | £4,900,000,000 | [18] |
September 14, 2008 | ![]() |
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Investment bank | $44,000,000,000 | [19] |
September 16, 2008 | ![]() |
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Insurance company | $182,000,000,000 | [20] |
September 17, 2008 – | ![]() |
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Investment bank | $1,300,000,000 | [21] |
September 18, 2008 | ![]() |
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Diversified financial services | $21,850,000,000 | [22] |
September 26, 2008 | ![]() |
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Savings and loan association | $1,900,000,000 | [23] |
September 26, 2008 | ![]() |
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Investment bank | $2 | [24] |
September 28, 2008 | ![]() |
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Diversified financial services | £612,000,000 | [25][26][27] |
September 28, 2008 | ![]() ![]() ![]() Fortis |
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Diversified financial services | €11,200,000,000 | [28] |
September 30, 2008 | ![]() |
The ![]() ![]() ![]() |
Public finance and retail | [29] | |
October 3, 2008 | ![]() |
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Retail and investment banking | $15,000,000,000 | [30] |
October 7, 2008 | ![]() |
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Commercial bank | [31][32] | |
October 8, 2008 | ![]() |
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Commercial bank | [33][34] | |
October 9, 2008 | ![]() |
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Commercial bank | €1,140,000,000 | [35][36] |
October 9, 2008 | ![]() |
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Bank | £1,200,000,000 | [37] |
October 13, 2008 | ![]() |
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Bank | $1,900,000,000 | [38] |
October 13, 2008 | ![]() |
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Bank | £20,000,000,000 | [39][40] |
October 13, 2008 | ![]() |
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Bank | £13,000,000,000 | [39][40] |
October 13, 2008 | ![]() |
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Bank | £4,000,000,000 | [40] |
October 17, 2008 | ![]() |
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Bank | $59,200,000,000 | [41] |
October 22, 2008 | ![]() |
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Building society | £376,000,000 | [42] |
October 24, 2008 | ![]() |
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Bank | $5,580,000,000 | [43] |
October 24, 2008 | ![]() |
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Bank | $8,500,000,000 | [44] |
November 2, 2008 | ![]() |
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Bank | €6,305,000,000 | [45] |
November 4, 2008 | ![]() |
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Building Society | [46] | |
November 8, 2008 | ![]() |
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Bank | [47] | |
November 21, 2008 | ![]() |
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Savings and loan association | [48][49] | |
January 10, 2009 | ![]() |
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Savings and loan association | $13,900,000,000 | [50] |
January 15, 2009 | ![]() |
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Bank | [51] | |
February 3, 2009 | ![]() |
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Bank | $2,100,000,000 | [52] |
February 3, 2009 | ![]() |
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Bank | [52] | |
February 21, 2009 | ![]() |
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Bank | [53] | |
March 2, 2009 | ![]() |
shutdown of US consumer lending | Consumer finance | [54][55] | |
March 9, 2009 | ![]() |
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Investment bank | [56] | |
March 9, 2009 | ![]() |
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Building Society | [57] | |
August 14, 2009 | ![]() |
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Bank | [58] | |
August 21, 2009 | ![]() |
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Savings and loan association | [59] | |
December 18, 2009 | ![]() |
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Savings and loan association | $5,000,000,000 | [60] |
December 18, 2009 | ![]() |
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Insurance company | [61] | |
February 24, 2010 | ![]() |
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Building Society | £230,000,000 | [62] |
April 15, 2010 | ![]() |
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Bank | €41,000,000 | |
May 24, 2010 | ![]() |
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Savings and loan association | €550,000,000 | [63] |
November 8, 2010 | ![]() |
Chapter 11 bankruptcy and restructuring | Insurance company | [64] | |
September 30, 2011 | ![]() |
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Savings and loan association | [65] | |
October 31, 2011 | ![]() |
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Diversified financial services | $43,000,000,000 | |
November 23, 2011 | ![]() |
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Insurance company | [66][67] | |
May 25, 2012 | ![]() |
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Savings and loan association | €19,000,000,000 | |
June 11, 2012 | ![]() |
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Insurance company | [68] |
Source: Wikipedia
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