Abstract
If the case of Citibank’s salvage from the edge of the abyss was the most significant financial event of 1990, and that of Long-Term Capital Management of 1998, from 2003 financial history books will retain two case studies: that of the Federal Home Mortgage Association (see Chapter 8), and the 28 April 2003 settlement of the ten best-known banks on Wall Street with the Securities and Exchange Commission (SEC)—to the tune of $1.4 billion (see section 4).
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Notes
Maggie Mahar, Bull! A History of the Boom 1982–1999, HarperBusiness, New York, 2003.
D.N. Chorafas, Managing Credit Risk, Volume 2, The Lessons of VAR Failures and Imprudent Exposure, Euromoney, London, 2000.
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© 2004 Demitris N. Chorafas
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Chorafas, D.N. (2004). Case Studies with American Financial Institutions. In: Corporate Accountability. Palgrave Macmillan, London. https://doi.org/10.1057/9780230508958_7
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DOI: https://doi.org/10.1057/9780230508958_7
Publisher Name: Palgrave Macmillan, London
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