The bank opened in 1973 and went bankrupt in 2007. Its headquarters were in New Jersey. It was purchased by Toronto Dominion Bank.
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Caja de Ahorros Castilla La Mancha
The bank from Spain started operations in 1992 and went bankrupt in 2009. It was bailed out by the Spanish government by paying $11.8 billion.
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The bank also provided insurance and financial management services. It went bad in 2008 and was sold in smaller parts rather than as a whole.
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Indy Mac Federal Bank
The bank for Los Angeles was better known as Independent National Mortgage Corporation. It filed a chapter 11 bankruptcy in 2008 mainly due to its incorrect loan provision policies.
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It was a diverse financial institution that was formed in 1879. Wells Fargo purchased it in 2008 after it had gone bankrupt.
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In 2008, Llyods Banking group took over this Scottish bank and insurance company. It had started its operations only a few years back in 2001.
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Royal Bank of Scotland
RBS was established in 1727 and was related to banking and insurance industry. It was acquired by the Government of UK in 2008.
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Another old timer that went bankrupt. It was established in 1914 and went bankrupt in 2008 when it was purchased by bank of America.
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American International Group
Based in New York, the bank started its operations in 1919. In 2008, the Federal Reserve purchased it for $85 billion.
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Probably the largest bank ever to take this route. Operating since 1812, it is still among the top four banks in US and was acquired by the US government in 2008’s financial meltdown.
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