List of biggest bankrupt companies in 2008 1. Lehman Brothers Holdings Inc.. A global financial-services firm that did business in investment banking, equity and… 2. Washington Mutual, Inc.. A savings bank holding company and former owner of Washington Mutual Bank, then the largest… 3. IndyMac …

Who are the largest holding companies in the United States?

Holding company of IndyMac Bank, the largest savings and loan association in the Los Angeles area and seventh largest mortgage originator in the US during its time. 4. Downey Financial Corp. Holding company for Downey Savings and Loan Association which provides various financial services to individual and corporate customers. 5. Tribune Company

What was the name of the company that collapsed in 1990?

After a raid by the UK Serious Fraud Office in September 1990, the share price collapsed. The CEO Asil Nadir was convicted of stealing the company’s money. Breach of US law, by owning another bank. Fraud, money laundering and larceny. Better known as BCCI. Following market deregulation, there was a housing price bubble, and it burst.

What are the biggest corporate subsidies of the last 20 years?

Stacker scoured data from Good Jobs First, a national policy resource center that promotes corporate accountability, in order to find the biggest corporate subsidies of that last 20 years.

Who was the CEO of General Motors in 2008?

By the time the company closed its books on 2008 it would be in the red by a staggering $30.9 billion. Chief executive Rick Wagoner led the auto delegation in Washington seeking government funding to save the industry and keep GM out of bankruptcy.

How many employees do you need to file Chapter 11?

To qualify, employers must have 100 or more full-time employees, and at least 50 of the employees are affected. The WARN Act applies even if the business has filed a Chapter 11 case. But, like virtually all federal statutes, there are exceptions.