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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.
January 1, 2008 (became Subsidiary) Landesbank Sachsen Landesbank Baden-Württemberg: Landesbank € 328,000,000 [6] February 22, 2008: Northern Rock: Government of the United Kingdom: Retail and mortgage bank [7] April 1, 2008: Bear Stearns, New York City: JPMorgan Chase, New York City Investment bank $ 2.2 × 10 ^ 9 [8] June 7, 2008: Catholic ...
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 ...
The number of U.S. banks considered "troubled" has reached a level not seen since the savings and loan crisis of the early 1990s, the Federal Deposit Insurance Corp. announced Tuesday, even as the ...
The Federal Deposit Insurance Corporation closed seven more banks on Apr. 30, bringing the total to 64 for the year. The day was particularly expensive, costing the agency just over $7 billion.
The number of problem banks in the U.S. reached its highest totals since 1992 in the second quarter, but the Federal Deposit Insurance Corp. (FDIC) also reported Tuesday on signs that the banking ...
Columbia River Bank The Dalles: Oregon: 2010 $1.1 billion $1.5 billion Community Bank and Trust Cornelia: Georgia: 2010 $1.1 billion $1.5 billion Integrity Bank Alpharetta: Georgia: 2008 $1.1 billion $1.6 billion Affinity Bank Ventura: California: 2009 $1.0 billion $1.4 billion Appalachian Community Bank Ellijay: Georgia: 2010 $1.0 billion $1.4 ...
In the wake of hundreds of failed banks since the 2008 financial crisis, U.S. regulators reportedly have begun 50 investigations into possible wrongdoing by bank executives, directors and employees.