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Published in:
2004 | OriginalPaper | Chapter
Case Studies with American Financial Institutions
Author : Dimitris N. Chorafas
Published in: Corporate Accountability
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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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).