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The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2] In contrast, in the five years prior to 2008, only 10 banks failed. [ 2 ] [ 3 ] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates.
August 26, 2008: Roskilde Bank: Danmarks Nationalbank (Danish Central Bank) Retail bank $ 896,800,000 (kr4,500,000,000) [12] September 5, 2008: Silver State Bank: Federal Deposit Insurance Corporation: Commercial bank [13] September 7, 2008: Fannie Mae and Freddie Mac: Federal Housing Finance Agency: Secondary Mortgage Market $ 2 × 10 ^ 11 [14 ...
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
Swiss banks were the worst offenders in 2019, thanks to $5bn in fines handed to UBS for helping French clients evade tax authorities. Banks have paid $36bn in fines since the 2008 financial crisis ...
The largest bank in the United States by assets is JPMorgan Chase & Co., the company formed in 2000 with the merger of investment banking institution J.P. Morgan and retail banking arm Chase Bank.
Peoples First Community Bank Panama City: Florida: 2009 $1.8 billion $2.6 billion County Bank Merced: California: 2009 $1.7 billion $2.4 billion Hillcrest Bank Overland Park: Kansas: 2010 $1.6 billion $2.2 billion Advanta Bank Corp. Draper: Utah: 2010 $1.6 billion $2.2 billion CF Bancorp Port Huron: Michigan: 2010 $1.6 billion $2.2 billion ...
Britain’s biggest banks will be stress tested against scenarios more severe than the 2008 financial crisis, to see whether they can withstand inflation rocketing to 17% and interest rates hiked ...
Margin Call, a 2011 film about the collapse of an investment bank during the 2008 financial crisis. Free Money Day; Too Big to Fail, a 2010 HBO docudrama about the 2008 financial crisis. The Big Short, a 2015 film about bank fraud. C, a 2011 anime inspired by the bankruptcy of Lehman Brothers.