Some of America's biggest banks are terminating physical branches as the new year kicks off. Between Thanksgiving 2024 and ...

By most measures, the nation's banking system is in solid shape, with just two failures in 2024. Yet the outgoing chairman of ...

The following tables list the number of U.S. banks that have failed since 2009. There were five bank failures in 2023, a year ...

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance ...

For starters, the bank closure trend is nothing new. In 2000, there were 8,000 commercial banks in the United States, according to FDIC data. By 2021, just over half of them, 4,236, were still ...

The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the ...

Illinois-based Millennium Bank acquired Pulaski’s deposits and most of its assets. The FDIC said the collapse will cost $28.5 ...

Previously redacted letters, along with two newly released letters, do not appear to support claims from the crypto industry that the FDIC ordered financial institutions to “de-bank” crypto firms.

The move is just the latest in a monthslong power struggle — largely behind closed doors — between the FDIC and the world's largest asset managers over nonbank investment in banks overseen by the ...

Millennium Bank is buying the deposits and assets of the Bridgeport-based institution in what marks the first bank failure in Illinois since 2017.

(Reuters) — The FDIC sued 17 former executives and directors of Silicon Valley Bank on Thursday, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary ...