Crashes
7 stories
Black Wednesday: How Sterling Broke the ERM (1992) - QuickFinanceStories
On September 16th, 1992, one man bet against the entire British government. And won. His name was George…
Long-Term Capital Management: When Genius Met Leverage (1998) - QuickFinanceStories
They called it the smartest hedge fund on Wall Street. Two Nobel Prize winners. A team of PhD…
How Volkswagen Became the Most Valuable Company in the World - By Accident (2008 Short Squeeze)
In 2008, at the height of the financial crisis, something happened on the German stock market that no one expected — and most hedge funds would prefer to…
The 2010 Flash Crash: 36 Minutes of Market Mayhem - QuickFinanceStories
On May 6th, 2010, the stock market did something no one thought possible. It crashed nearly 1,000 points in minutes. Then recovered almost…
MF Global: Corzine, Repo Trades, and a $1.6B Shortfall (2011) - QuickFinanceStories
Jon Corzine was a Wall Street legend. Former CEO of Goldman Sachs. Former Governor of New…
JPMorgan’s London Whale: The $6B Hedge Gone Wrong (2012) - QuickFinanceStories
His name was Bruno Iksil. Traders called him "The London Whale" because his positions were so massive, they moved entire markets. He worked for JPMorgan…
Evergrande: China’s $300B Property Crunch (2021) - QuickFinanceStories
It was the world's most indebted company. $300 billion in liabilities. Building homes for a billion people. Until it couldn't build anything at…