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The neo-classical Continental Illinois Bank Building at 231 South LaSalle Street in Chicago, Illinois. Continental Illinois can be traced back to two Chicago banks, the Commercial National Bank, founded during the American Civil War, and the Continental National Bank, founded in 1883.
May 15, 2023 · Learn how Continental Illinois, one of the largest banks in the US, nearly failed in 1984 and received public financial support to avoid widespread economic harm. Explore the causes, consequences, and controversies of its crisis and bailout.
How did the 1984 rescue of Continental Illinois National Bank and Trust Company affect the debate on too big to fail? This article reviews the causes and consequences of the failure and examines the structural changes proposed by Dodd-Frank to prevent future bailouts.
Continental Illinois and fiToo Big to Failfl. Introduction. One of the most notable features on the landscape of the banking crises of the 1980s was the crisis involving Continental Illinois National Bank and Trust Company (CINB) in May 1984, which was and still is the largest bank resolution in U.S. history.
Continental Illinois National Bank and Trust Co. of Chicago would have been 155 years old next year. You may be surprised to hear me praise this institution so highly. But it was my first real...
THE CONTINENTAL ILLINOIS BANK F AlLURE: HOW DID IT HAPPEN? by Paul F. DeCain I. Introduction "In many regards Continental is the best commercial bank in the country" (Osborne, 1980, p. 173). As this statement by Kenneth West, President of Harris Trust, suggests, many considered Continental Illinois Bank to
Continental Illinois® was for many years the trade name of America’s largest Midwestern bank and financial combine. The bank encountered funding challenges in the early/mid 1980’s and then was folded into Bank of America.
