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The nation’s banks have recovered strongly from the financial crisis, and the results for 2013 provide even more evidence: Profits for the year hit $154.7 billion, according to reports filed with the Federal Deposit Insurance Corp. That's the highest level ever. And only 24 banks failed last year, the fewest since 2007. More
Solid loan growth and continued low interest rates have helped the nation’s 6,600 credit unions rebuild from the 2008-09 financial crisis, according to new data from the National Credit Union Administration.
But there might be storm clouds on the horizon. NCUA Chair Debbie Matz warned recently that the prospect of higher interest rates could cut into credit union profits.
By most accounts TARP achieved its primary purpose: To help bring about stability in the midst of the worst financial crisis since the Great Depression. But the program has been called "one of the most hated, misunderstood and effective policies in modern economic history.” More
The latest data from the Federal Deposit Insurance Corp. shows that the nation’s banks continue to recover from the financial crisis, reporting stronger earnings and increasing loan volume.
But an analysis by the Investigative Reporting Workshop shows that for the vast majority of banks — those with less than $1 billion in assets — profits are harder to come by as they continue to try to work their way through a disproportionate amount of troubled loans and foreclosed property. More
The banking industry has emerged shaken but in some senses thriving. Last year was the second most profitable ever for the nation’s banks, according to reports filed with the Federal Deposit Insurance Corp., but it is unmistakably true that the industry is fundamentally different today than it was five years ago.
Banks are closer to pre-recession profit and lending levels, but there are fewer of them. More
Banks and credit unions continue to recover, as lending expands. More