2008 Financial Crisis (2008)
BlackRock's assets under management fell sharply as global markets collapsed. Banks including Bank of America reported massive losses and required government bailouts to survive.
The crisis triggered the largest government intervention in financial markets since the Great Depression.
It reshaped financial regulation and forced banks to rebuild capital.
Today's record AUM and strong bank results show how far the financial sector has come since 2008, when the same institutions were reporting catastrophic losses.
