Is there a list for troubled banks?
FDIC Problem Bank List is a confidential list, published by the Federal Deposit Insurance Corporation (FDIC) every quarter, of U.S. banks and thrifts that are on the brink of financial insolvency. Only institutions that are insured by the FDIC through the Deposit Insurance Fund are on the FDIC Problem Bank List.
| Bank NameBank | CityCity | Closing DateClosing |
|---|---|---|
| Heartland Tri-State Bank | Elkhart | July 28, 2023 |
| First Republic Bank | San Francisco | May 1, 2023 |
| Signature Bank | New York | March 12, 2023 |
| Silicon Valley Bank | Santa Clara | March 10, 2023 |
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
| SHFS | SHF Holdings | $0.50 |
|---|---|---|
| CZFS | Citizens Financial Services | $82.69 |
| HMST | HomeStreet | $6.17 |
| WAL | Western Alliance | $27.32 |
| ECBK | ECB Bancorp | $11.24 |
While the US banking sector is stable, growing vulnerabilities leave at least some institutions under a near-term threat of funding pressure and capital shortfalls, according to Federal Reserve Bank of New York staff.
Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits.
The 2023 United States banking crisis was a series of bank failures and bankruptcies that took place in early 2023, with the United States federal government ultimately intervening in several ways.
There is a systemic risk of large-scale bank failures in the U.S. in 2024 due to charge-offs and write-downs emanating from the commercial real estate sector. Bank regulators have been vocal about their concerns that the too-big-too-fail banks would have sufficient capital to cover losses and a recession.
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
| Date | Buyer | Seller |
|---|---|---|
| 2024-02 | MidCountry Bank | Lake Community Bank |
| 2024-02 | MidWestOne Bank | Bank of Denver |
| 2024-02 | Oconee Federal Savings a... | Mutual Savings Bank |
| 2024-01 | Bank of Commerce | Bank of Morton |
Which US banks are too big to fail?
- Bank of America Corp.
- The Bank of New York Mellon Corp.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
- JPMorgan Chase & Co.
- Morgan Stanley.
- State Street Corp.
- Wells Fargo & Co.
If the bank fails, you'll get your money back. Nearly all banks are FDIC insured. You can look for the FDIC logo at bank teller windows or on the entrance to your bank branch. Credit unions are insured by the National Credit Union Administration.
U.S. government securities–such as Treasury notes, bills, and bonds–have historically been considered extremely safe because the U.S. government has never defaulted on its debt. Like CDs, Treasury securities typically pay interest at higher rates than savings accounts do, although it depends on the security's duration.
The worst of the banking crisis appears to be over, but stress in financial markets remains as uncertainty over additional shoes to drop looms large.
Your money is safe at Capital One
Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency. The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.
There are 5 bank failures in 2023. See detailed descriptions below. For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.
(October 19, 2022) – Attorney General Cameron today announced a multi-state investigation into Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo for alleged antitrust and consumer protection law violations related to ESG (environmental, social, governance) investment practices.
Based on the latest financial disclosure, Capital One Financial has a Probability Of Bankruptcy of 7.0%. This is 85.98% lower than that of the Consumer Finance sector and 84.05% lower than that of the Financials industry.
On November 3, 2023, Citizens Bank, Sac City, Iowa, was closed by the Iowa Division of Banking. The Federal Deposit Insurance Corporation (FDIC) was then appointed Receiver.
Generally speaking, credit unions are safer than banks in a collapse. This is because credit unions use fewer risks, serving individuals and small businesses rather than large investors, like a bank.
What happens when banks collapse?
What Happens When a Bank Fails? When a bank fails, it may try to borrow money from other solvent banks to pay its depositors. If the failing bank cannot pay its depositors, a bank panic might ensue, causing depositors to withdraw their money from the bank (known as a bank run).
Both can be hit hard by tough economic conditions, but credit unions were statistically less likely to fail during the Great Recession. But no matter which you go with, you shouldn't worry about losing money. Both credit unions and banks have deposit insurance and are generally safe places for your money.
Positively, earnings for most banks will continue to benefit from high interest rates. "Our outlook for the global banking sector for 2024 is for continuing ratings stability," said S&P Global Ratings credit analyst Gavin Gunning.
The banking industry faces challenges in 2024 due to a slowing global economy, diverse economic conditions, and risks such as supply chain disruptions, geopolitical tensions, and extreme weather events.
Deposit growth is forecast to slow in 2024 in two-thirds of the banking sectors under our coverage. This will increase banks' funding costs as a combination of tighter financial conditions and weak economic performance will dampen non-financial sector balance sheet growth.
