Re:South African Brothers Vanish, and So Does $3.6B in Bitco...
by FabHK on Wednesday June 23, 2021 @06:10PM
(#27611145)
Last example of a bank failure where ordinary people lost a lot of money I’d say was the failure of Lehman Brothers. Lots of risk averse retail investors were sold Lehman certificates with somewhat better yields (“mini-bonds”) because Lehman paid high commissions to the retail banks, eg in Germany and Hong Kong.
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