Select the correct answer. Which major bank collapsed in Oklahoma as a result of the oil bust in the 1980s? ОА. Penn Square Bank OB. JP Morgan O C. Wells Fargo OD. Bank of America O E. Key Bank
The failure of Penn Square Bank of Oklahoma City had a devastating effect on the U.S. banking system when the bank was declared insolvent on July 5, 1982. The ill-fated financial institution started in 1960 in a shopping mall.
