Total economy -
16th largest in Europe at $357 billion. A little larger than Argentina and the same size as Taiwan.
Stock market cap $53 billion compared with $7.65 trillion for the Bloomberg European 500.
This is all about contagion.
This was a banner decade for big bankruptcy. Of the 20 largest corporate bankruptcy filings in history, all but three of them occurred in the last decade.The 2000s featured three businesses with more than $100 billion in assets. All the companies in the list here held more than $30 billion in assets.Combined size of the biggest bankruptcies this decade: $1.5 trillion. That would make them the 10th richest country in the world with a greater GDP than Canada, India, Mexico, Australia and most of Europe.
16th largest in Europe at $357 billion. A little larger than Argentina and the same size as Taiwan.
Stock market cap $53 billion compared with $7.65 trillion for the Bloomberg European 500.
This is all about contagion.
This was a banner decade for big bankruptcy. Of the 20 largest corporate bankruptcy filings in history, all but three of them occurred in the last decade.The 2000s featured three businesses with more than $100 billion in assets. All the companies in the list here held more than $30 billion in assets.Combined size of the biggest bankruptcies this decade: $1.5 trillion. That would make them the 10th richest country in the world with a greater GDP than Canada, India, Mexico, Australia and most of Europe.
The Biggest Business Bankruptcies of Decade
- Pacific Gas and Electric: $36.1 billion April 2001
- Enron: $65.5 billion December 2001
- WorldCom: $107 billion July 2002
- Conseco: $61.4 billion December 2002
- Lehman Brothers: $691 billion September 2008
- Washington Mutual: $327.0 billion September 2008
- Chrysler: $39.3 billion April 2009
- Thornburg Mortgage: $36.56 billion May 2009
- General Motors Corporation: $91 billion June 2009
- CIT Group: $71 billion November 2009
No comments:
Post a Comment