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The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
Hamilton Bank Miami: Florida: 2002 $1.3 billion $2.2 billion Community Bank of Nevada Las Vegas: Nevada: 2009 $1.5 billion $2.1 billion First Bank of Beverly Hills Calabasas: California: 2009 $1.5 billion $2.1 billion Temecula Valley Bank Temecula: California: 2009 $1.5 billion $2.1 billion New South Federal Savings Bank Irondale: Alabama: 2009 ...
Fifth Third Bank was hit with a $20 million fine for opening unauthorized accounts in the names of its customers and forcing auto insurance onto borrowers who already had coverage, the Consumer ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
A bank teller assists a customer at Fifth Third's branch on Fountain Square. On Tuesday, the agency said the bank will pay $5 million of its penalties for forcing vehicle insurance on borrowers ...
TD Bank. 647. $524 billion. Assessment. Fifth Third Bank. 665. $211 billion. ... overdraft fees, loan issues, major errors and failing to live up to their advertised offers. ...
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 ...
Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and ...