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Event—Adult Education

Too Big to Fail: The Story of Continental Illinois National Bank

Apr 18, 2020

In 1984, Continental Illinois National Bank and Trust, one of the 10 largest banks in the country and the largest bank in Illinois, failed after a series of losses incurred on energy–related loans contributed to a run on deposits. The phrase “too large to fail” was popularized after the government took control of the bank to protect depositors and creditors.

**This seminar has been canceled.**

Seminar Description

In 1984, Continental Illinois National Bank and Trust, one of the 10 largest banks in the country and the largest bank in Illinois, failed after a series of losses incurred on energy–related loans contributed to a run on deposits. The phrase “too large to fail” was popularized after the government took control of the bank to protect depositors and creditors. Continental would remain the largest example of such intervention until 2007-2008. In this one-day seminar, we will examine the history of Continental, the causes of its failure, and the pros and cons of governmental intervention in the banking industry.

One session. E – $56, R – $61.60

John Dischner is a managing director at AlixPartners LLP and is a recognized expert in insolvency matters.

Materials List

Required:

  • There are no required materials for this seminar.

First Reading:

  • There is no reading assignment for the first class.

Registration Information

  • Online registration opens at 9 am (CST) on Tuesday, January 7.
  • Phone registration opens at 12 pm (CST) on Wednesday, January 8.

Early registration (E) prices are in effect from January 7 at 9 am through January 24 at 4 pm. Regular registration (R) prices are in effect January 24 at 4 pm through the end of the term.

We offer a 10% discount to members, seniors, and students.

Questions? Please see our Registration Information page.

This seminar is part of the Newberry’s Seminars Program. Learn more about registering for a seminar, program policies and procedures, or teaching a seminar.