The Federal Deposit Insurance Corp. said Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, marking the first U.S. bank failure in 2026.
The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to ...
Recently, the FDIC Office of Inspector General released a report entitled, “FDIC Readiness to Resolve Large Regional Banks,” which evaluated the FDIC’s preparedness to resolve large regional bank ...
President Trump's sweeping cuts to the U.S. government are hitting a crucial part of the financial system: the independent agency responsible for preventing future banking crises. The Federal Deposit ...
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 ...
Sen. Elizabeth Warren said she is "pleased" the FDIC will evaluate whether the decision to layoff workers at the agency puts ...
Discover FDIC coverage for business accounts, including types insured and coverage limits, ensuring your deposits are ...
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