Date in year · 1974 · The 1970s
On October 8, 1974, franklin National Bank collapses due to fraud and mismanagement; at the time it is the largest bank failure in the history of the United States. The year's #1 song was "The Way We Were" by Barbra Streisand. Àlex Corretja, Ashot Danielyan, David Jassy would arrive in the same year.
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Year
1974
1970s
Featured · October 8, 1974
Franklin National Bank was a bank based in Franklin Square on Long Island, New York. It was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances involving Michele Sindona, who was a renowned Mafia-banker and member of the irregular freemasonic lodge Propaganda Due.
Around 1974
1974 (MCMLXXIV) was a common year starting on Tuesday of the Gregorian calendar, the 1974th year of the Common Era (CE) and Anno Domini (AD) designations, the 974th year of the 2nd millennium, the 74th year of the 20th century, and the 5th year of the 1970s decade.
What happened
Historic commercial building in New York, United States
Franklin National Bank was a bank based in Franklin Square on Long Island, New York. It was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances involving Michele Sindona, who was a renowned Mafia-banker and member of the irregular freemasonic lodge Propaganda Due.
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