Savings and loans banks of America were essentially small local banks that provided home loans and took savings deposits like British building societies. However in the greedy 1980s they ventured into the choppier, mainstream financial waters of large sums to compete with the big US banks.
However without the major banks' expertise they soon went under. A quarter of US Savings and Loans banks crashed. Luckily for investors the federal government insured many of the individual deposits - however this was unlucky for the bank as it now faced a huge liability bailout sum of $150 billion.
Fragile golden and silver scrolls believed to be “spells” to invoke good or evil spirits were unearthed with ancient skeleton in Serbia.
Stress of moving house can help boost memory, a recent research has found.
The prenup house, made of carbon fibre elements and semi-transparent wooden layer, can be split in two if marriage doesn’t work.
De-extinction of mammoths through DNA sequencing and genome editing can help restore the grassland system, scientists have claimed.
Faraday cage wetsuit prevents sharks from detecting tiny electrical signals from divers’ muscles.
In 30 years, humans will be able to upload their entire minds to computers and become digitally immortal, Google has predicted
x Share us on Facebook