United States of America · Economy / Stock Market. Chronological records rendered directly from the World History Database.
After concerns that a disorderly collapse of Long-Term Capital Management could destabilise financial markets, the New York Federal Reserve facilitates discussions that lead major private financial firms to recapitalise the hedge fund without Federal Reserve funds.
This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.