When Franklin Roosevelt started his first term in the White House in 1933, he inherited a nation in the depths of the Depression. A record 13 million Americans were unemployed and businesses were drowning in red ink.Perhaps even more pressing was the head-spinning string of bank failures that had triggered a frantic run on the nation’s savings vaults.
Posts Tagged ‘Depositors’
This Day in Wall Street History 1933: Roosevelt declares bank holiday
March 5th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bank Failures, Bank Holiday, Banking Act, Banking System, Banks, Breach, Brink Of Disaster, Closure, Depositors, Financial Transactions, Franklin Roosevelt, Liquid Assets, Red Ink, Roosevelt Bank, Roosevelt Franklin, Source History, Vaults, Wall Street, Wall Street History, Withdrawals 
Comments OffFrauds cost clients Rs 4000 crore – centralchronicle.com – 11 Feb 2010
February 17th, 2010 Before You Invest A United Nations officer issued a cheque on his nationalized bank account. The cheque bounced despite his having deposited a huge sum a few days back. He complained to the bank only to be told that Rs 75,000 was withdrawn in a number of transactions in Romania, a country he has never visited.The police suspect that the account was hacked on internet.
Posted in Finance Fraud Tags: 1 Crore, Bank Fraud, Bank Frauds, Bank Of India, Bank Officials, Banking Sector, Central Bureau Of Investigation, Cheque, Depositor, Depositors, Educational Qualifications, Few Days, Fraudulent Activity, Introduction Of Internet, Rs 1, State Bank, State Bank Of India, United Nations, Universal Banking, White Collar Crime Comments OffThis Day in Wall Street History 1933: Roosevelt declares bank holiday
March 6th, 2009 Before You Invest When Franklin Roosevelt started his first term in the White House in 1933, he inherited a nation in the depths of the Depression. A record 13 million Americans were unemployed and businesses were drowning in red ink. Perhaps even more pressing was the head-spinning string of bank failures which had triggered a frantic run on the nationÝs savings vaults.
Posted in Finance Fraud Tags: Bank Failures, Bank Holiday, Banking Act, Banking System, Banks, Breach, Brink Of Disaster, Closure, Depositors, Financial Transactions, Franklin Roosevelt, Liquid Assets, Red Ink, Roosevelt Bank, Roosevelt Franklin, Vaults, Wall Street, Wall Street History, White House, Withdrawals Comments OffNo more veil of secrecy : Swiss Bank to Give Up Depositors’ Names to Prosecutors
February 19th, 2009 Before You Invest In a significant break from Switzerland’s tradition of banking secrecy, UBS AG has agreed to turn over to the U.S. government the names of about 250 account holders and pay a $780 million fine as part of a deal to settle a U.S. criminal probe, the Department of Justice said.
Posted in Finance Fraud Tags: Bank Offshore, Banking Secrecy, Criminal Probe, Deferred Prosecution Agreement, Department Of Justice, Depositors, Names, Offshore Private Banking, Private Banking Services, Prosecutors, Risk, Swiss Bank, Switzerland, Tax Evasion, Tradition, Ubs, Ubs Ag, Veil, Wealthy Americans Comments OffThis Day in Wall Street History 1990: Drexel files for bankruptcy
February 14th, 2009 Before You Invest After spending a excellent part of the 1980s wheeling and dealing its way to the top of the financial world, the Drexel Burnham Lambert Group saw its empire crumble by the dawn of the 1990s. For a excellent spell, Drexel Burnham was barely a blip on Wall Street’s radar.
Posted in Finance Fraud Tags: Blip, Bond Trading, Depositors, Drexel Burnham Lambert, Financial Mess, Fledgling Companies, Fortunes, Generous Amounts, High Yield Bonds, Infractions, Investment Industry, Junk Bond Market, Junk Bonds, Loan Industry, Michael Milken, Poor Credit, Savings And Loan, Shady Deals, Star Trader, Wall Street History Comments Off
