Keating, Charles

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  • Charles Keating (1923–) is a financier, banker, and real estate developer. In the 1980s, his mismanagement of the Lincoln Savings and Loan bank was integral to the savings and loan financial crisis of 1989. Because of his generous campaign contributions and personal influence, five senators worked to protect Keating's interests from federal regulation and oversight. The failure of Keating's savings and loan was part of a broader crisis in U.S. banking, which saw the failure of more than 20 percent of U.S. savings and loan institutions (747 out of over 3,200 institutions) during 1989 to 1995, according to the federal Resolution Trust Corporation.

    Keating was born in Cincinnati, Ohio, on December 4, 1923. He attended the University of Cincinnati, taking four years off to serve in ...

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