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The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 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] In contrast, in the five years prior to 2008, only 10 banks failed.
This is a list of banks in the United States affected by the 2008 financial crisis. The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have: been taken over or merged with another financial institution, been declared insolvent or liquidated, or; filed for bankruptcy.
The collapse of Lehman Brothers (headquarters pictured), the fourth-largest U.S. investment bank, on September 15, 2008, is often considered the climax of the 2008 financial crisis. The TED spread, an indicator of perceived credit risk in the financial system, increased significantly during the crisis. It spiked sharply in August 2007, remained ...
October 9, 2008: Kaupthing Bank E: Icelandic Financial Supervisory Authority ING Direct United Kingdom: Commercial bank € 1.14 × 10 ^ 9 [35] [36] October 9, 2008: Bankwest (subsidiary of HBOS) Commonwealth Bank: Bank £ 1.2 × 10 ^ 9 [37] October 13, 2008: Sovereign Bank, Wyomissing, Pennsylvania: Banco Santander: Bank $ 1.9 × 10 ^ 9 [38 ...
Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis. The European banking giant has agreed to ...
By late 2008, Countrywide Financial was on its way down the tubes, with a 91% decline in stock value from its top price. During the 2008 mortgage meltdown, Mozilo's remarkable copper-colored ...
Americans' overall trust in the nation's financial system has dropped to 20%, a level that matches the lows recorded during the heart of the financial crisis in late 2008, according to the latest ...
Suggested alternative approaches to address the issues underlying the 2007–2008 financial crisis included: mortgage assistance proposals try to increase the value of the asset base while limiting the disruption of foreclosure; bank recapitalization through equity investment by the government; asset liquidity approaches to engage market ...