March 1st – April 14th 2012
Bankrupt Banks is a new series of work that portray and explore the international financial crisis since 2008.
The work are banners painted with logos of banks that were declared bankrupt and were acquired by other banks, governments or private entities. Originally designed to convey strength, authority and confidence, these now defunct symbols become portraits of failed power structures.
Beginning with the acquisition of the British mortgage lender, Alliance and Leicester by Grupo Santander on July 14, 2008, the series acts as a sort of timeline, charting the collapse and subsequent reconfiguration of major international financial markets. While all of the works are unique, the series will grow as more banking institutions face either failure or reorganisation.
Bankrupt Banks will continue to illuminate the failures and irregularities of a global financial system.
Peter Blum Chelsea 526 West 29th Street New York, NY 10001