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In American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks that are in jeopardy of failing. [1] The list is closely monitored, and if problems continue with a listed bank, the FDIC takes control of the bank; it may then sell the problem bank to a ...
On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2]
The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets).
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.
Bank of America closed 132 branches, while U.S. Bank closed 101 of them as of September. Wells Fargo was close behind with 92 closures, followed by 90 closures on Chase's part. Why branches might ...
Oklahoma Treasurer Todd Russ added global bank Barclays to his list of financial firms thought to be discriminating against the oil and gas industry just weeks after it led the sale of $230 ...
This page was last edited on 1 November 2018, at 17:34 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
One of the newer banks on the list of the largest banks in the United States, Flagstar Bank merged with New York Community Bank in 2022 and now operates under the parent company New York Community ...