Bankrupt Banks is a list of banks that were declared bankrupt or acquired by other banks, governments or private entities during the international financial crisis of 2008. Reminiscent of a memorial for fallen soldiers, the wall addresses the grave fallout of the global economic crisis and worldwide disillusionment.
Beginning with the acquisition of the British mortgage lender Alliance and Leicester by Grupo Santander on July 14, 2008, the series acts as a sort of timeline, charting the collapse and subsequent reconfiguration of major international financial markets. History has shown that the events of 2008 will surely reoccur, and more banking institutions will face either failure or reorganisation. As they do, Bankrupt Banks will continue to memorialise the failures and irregularities of the global financial system.