Sept. 25
JPMorgan Chase on Thursday night acquired the banking operations of Washington Mutual Bank.
Sept. 17
The US Federal Reserve Bank will lend a US $ 85 billion bridging loan to American International Group Inc. (AIG) to save the country's biggest insurer from bankruptcy.
Sept. 15
Lehman Brothers file for Chapter 11 bankruptcy protection. The filing marks the largest bankruptcy in US history.
Bank of America makes an announcement that they will acquire Merrill Lynch at 44 billion US dollars.
Sept. 10
Lehman Brothers, a global financial-services firm prior to its bankruptcy and sale this year, make an announcement that they will sell a 55 percent stake in their asset management business, and spin off 30 billion US dollars of commercial real estate investment into a separate publicly traded company.
Sept. 7
The US government makes an announcement that they will take over two mortgage giants Fannie Mae and Freddie Mac to stabilize the financial market and avoid a financial crisis.
July 26
US Congress approves a housing rescue bill that offers up to 300 billion US dollars in assistance to troubled mortgage giants and homeowners. The Treasury is authorized to raise the credit quota without limitation and buy unlimited stakes in the two mortgage giants.
July 14
Stocks of Fannie Mae and Freddie Mac plunge dramatically throughout the week, along with an overall drop in Wall Street.
July 13
The US Treasury and Federal Reserve make an announcement to help the two troubled mortgage giants Fannie Mae and Freddie Mac through raising the credit quota, and promise to purchase the shares if necessary.
March 14
The Federal Reserve Bank of New York provides an emergency loan to Bear Stearns, trying to avert a sudden collapse of the company. Bear Stearns was the fifth largest investment bank in the US and was later sold to JPMorgan Chase.
