BankFailure

FDIC: Bank Earnings Hit Five-Year High in 2011

A surge in earnings by the biggest banks at the end of last year made 2011 the most profitable time for the industry in five years. More earnings and fewer troubled banks suggest the industry has healed since the 2008 financial crisis.

How secure is the FDIC?

Recent bank failures have required the Federal Deposit Insurance Corporation to make payments to depositors. The FDIC is called in when a bank fails...

Tenth bank failure this year

In keeping with the trend of shutting down banks late on Friday afternoon, the tenth shutdown of the year occurred on Friday. Integrity Bank of...