Late 20th Century

29 entries

European Central Bank

Central BankInstitution1998

Established on June 1, 1998, in Frankfurt to manage the euro and monetary policy for the eurozone. T...

Continental Illinois

FailureEvent1984

The failure of Continental Illinois National Bank in 1984 was the largest bank failure in US history...

Industrial and Commercial Bank of China

Commercial BankInstitution1984

The largest bank in the world by total assets, with over 6 trillion. ICBC was established in 1984 wh...

Online Banking Origin

InnovationEvent1994

Stanford Federal Credit Union launched the first internet banking service in 1994. Security First Ne...

Long-Term Capital Management Bank

FailureEvent1994

Long-Term Capital Management was a hedge fund that operated like a bank, borrowing over 100 billion ...

Shadow Banking System

InnovationEvent1980

The shadow banking system refers to non bank financial intermediaries that perform bank like functio...

ING Group

Commercial BankInstitution1991

ING was formed in 1991 from the merger of Nationale Nederlanden insurance and NMB Postbank. ING pion...

1980s Banking Deregulation

ReformEvent1980

The Depository Institutions Deregulation and Monetary Control Act of 1980 deregulated the US banking...

Basel Accords

RegulationEvent1988

The Basel Accords are international banking regulations setting minimum capital requirements. Basel ...

BCCI Scandal

ScandalEvent1991

The Bank of Credit and Commerce International was a global bank founded in 1972 by Pakistani financi...

Savings and Loan Crisis Detail

CrisisEvent1989

The savings and loan crisis of the 1980s and early 1990s resulted from a combination of deregulation...

Sweden Banking Crisis 1992

CrisisEvent1992

Sweden experienced a severe banking crisis in the early 1990s after a real estate and credit boom. B...

Too Big to Fail

ConceptEvent1984

The concept that some financial institutions are so large and interconnected that their failure woul...

Silver Thursday Detail

EventEvent1980

The Hunt brothers attempt to corner the silver market collapsed on March 27, 1980, known as Silver T...

Nordic Banking Crisis

CrisisEvent1991

The Nordic banking crisis of the early 1990s affected Sweden, Norway, and Finland after real estate ...

Korean Banking Restructuring

CrisisEvent1997

After the Asian Financial Crisis hit South Korea in 1997, the government restructured the entire ban...

Czech National Bank

Central BankInstitution1993

Established on January 1, 1993, after the dissolution of Czechoslovakia. The CNB inherited the Czech...

HDFC Bank

Commercial BankInstitution1994

Founded in 1994 as a subsidiary of Housing Development Finance Corporation. HDFC Bank became the lar...

UniCredit

Commercial BankInstitution1998

UniCredit was formed from the 1998 merger of several Italian banks including Credito Italiano and Ro...

PayPal Origins

InnovationEvent1998

PayPal was founded in 1998 as Confinity by Max Levchin, Peter Thiel, and Luke Nosek. The company ini...

Equity Bank

Commercial BankInstitution1984

Equity Bank was founded in 1984 as Equity Building Society in Kenya, initially targeting low income ...

Goldman Sachs IPO

EventEvent1999

Goldman Sachs went public on May 3, 1999 at 53 per share. The IPO valued the firm at 33 billion. Gol...

Grameen Bank

Commercial BankInstitution1983

Grameen Bank, founded by Muhammad Yunus in 1983, pioneered microfinance and microcredit. Grameen mad...

ING Direct Innovation

InnovationEvent1997

ING Direct launched in 1997 in Canada, revolutionizing retail banking. The bank offered high interes...

Abu Dhabi Commercial Bank

Commercial BankInstitution1985

ADCB was formed in 1985 from the merger of Emirates Commercial Bank and Federal Commercial Bank. ADC...

Meezan Bank

Commercial BankInstitution1997

Meezan Bank is the largest Islamic bank in Pakistan, founded in 1997 as the first purely Islamic com...

VBSP Vietnam

Development BankInstitution1995

The Vietnam Bank for Social Policies was established in 1995 to provide policy lending to poor house...

Central Bank Communication

InnovationEvent1990

Central bank communication has evolved dramatically. Before the 1990s, central banks were deliberate...

VTB Bank

Commercial BankInstitution1990

VTB Bank was established in 1990 as Vneshtorgbank, the Bank for Foreign Trade of Russia. VTB grew in...