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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 ...
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).
When individuals are added to the list of Specially Designated Nationals (SDN), their U.S. assets are blocked. Moreover, their names are added to automated screening systems used by banks in the United States and many foreign countries, making it difficult for them to open or hold accounts, transfer money, or transact properties internationally ...
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 ...
The FDIC currently acts as a backstop for money held by customers at thousands of US banks, insuring those deposits up to a level of $250,000 per account. ... said in a proposal last April that ...
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Bank of the Orient, California, United States; Bank of the Ozarks, Little Rock, United States; Bank of the Philippine Islands, Makati City, Philippines; Bank of the Province of Buenos Aires, Buenos Aires, Argentina; Bank of the Republic of Haiti, Port-au-Prince, Haiti; Bank of the Ryukyus, Naha, Japan; Bank of the West, San Francisco, California