French bank BNP Paribas freezes withdrawals from its clients in three of its investment funds. The bank recognizes that it can no longer value the assets held in these funds because they are no longer tradable in the markets. These three funds are heavily invested in subprime mortgages, derivatives of US subprime mortgages.
August, 9 2007
Last events added
- Margaret Thatcher becomes Prime Minister - May, 4 1979
- Signing of the “Cairo Accord” - May, 4 1994
- Mullivaikkal Massacre - May, 4 2009
- Repeal of the vaccination obligation against Covid-19 - May, 4 2023
- Stephen Curry wins his first MVP title - May, 4 2015