On this day in ...... 1991, all British branches of the Bank of Credit and Commerce International were closed on account of allegations of fraud. Approximately 120,000 patrons, with deposits of £250 million, were affected by the scandal at the bank known as BCCI. Many countries besides Britain were involved; indeed, BCCI's Latin American dealings spurred an investigation in the United States. (photo credit)
... 1962, following years of war, Algeria gained its independence from France.
