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This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were: taken over or merged with another financial ...
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 Relief Program. As a result of the economic and financial crisis, over 65 U.S. banks have become insolvent and have been taken over by the FDIC since the beginning of 2008.
Metcalf Bank 181 25 Great Basin Bank of Nevada Elko: Nevada April 17, 2009: Nevada State Bank 271 26 American Southern Bank: Kennesaw: Georgia April 24, 2009: Bank of North Georgia 112.3 27 Michigan Heritage Bank Farmington Hills: Michigan: April 24, 2009: Level One Bank 184.6 28 First Bank of Beverly Hills Calabasas: California April 24, 2009
The nation's 23 largest banks passed the Federal Reserve's so-called stress tests this year, a sign that the nation's banking system remains resilient despite the recent banking crisis that led to ...
Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
Over the course of 15 years the perennial outsider helped Morgan Stanley grow through a series of shrewd investments, leading the bank's revenue to swell from $31 billion when he took over in 2010 ...
After a strong year of growth in 2023, the U.S. economy is now showing signs of slowing. J.P. Morgan Research raised the probability of a U.S. and global recession by the end of this year to 35% ...
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.