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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Montgomery, Alabama-based Colonial was the 25th biggest US lender by assets when it went bust, ranking as the sixth-biggest bank collapse in history. Washington Mutual tops the list, with $307bn....
...“Very often there are technicalities which are the beginning of a failure, for example missing dates or signatures on mutual legal assistance requests,” says Rudolf Wyss, Switzerland’s former head of mutual...
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