Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired capital ...

Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.

LOS ANGELES -- President Biden says the American banking system remains safe following the collapse of two U.S. banks, but the failures have nonetheless created concern among customers who hold their ...

Most people still rely on banks for most of their financial needs: In fact, 96 percent of the country has at least one bank or credit union account. (And if you use a bank to deposit your salary and ...

Bank failures can stem from runs on otherwise solvent banks or from losses that render banks insolvent, regardless of withdrawals. Disentangling the relative importance of liquidity and solvency in ...

A bank failure occurs when a state or federal regulator closes it, typically after determining that it’s insolvent. When this happens, the Federal Deposit Insurance Corp. (FDIC) steps in to cover ...

What Is a Bank Failure & How To Protect Your Business Your email has been sent Understanding the risks of bank failure, its impact on small businesses, and proactive steps to safeguard your financial ...