Failures

Are lawmakers inviting ‘hot money’ boom with brokered deposit bill?

07/08/20

Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk.

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Fed's Quarles urges nations to strengthen bank resolution plans

07/07/20

Randal Quarles, who is also chairman of the Financial Stability Board, said FSB members must do more to prepare for bank failures.

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Former banker pleads guilty for role in Texas bank's failure

06/09/20

Anita Gail Moody, who was president of Enloe State Bank, admitted to creating phony loan documents — and setting a fire to destroy them — before the bank was shuttered in May 2019.

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SBA’s Amazon-assisted save, W.Va. bank failure, BofA’s selective lending: Top stories of the week

04/10/20

After opening-day fiasco, SBA upgrades lender portal with Amazon assist; West Virginia’s First State Bank closed by regulators; BofA offers emergency loans to borrowers first, freezing out depositors; and more from this week’s most-read stories.

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West Virginia bank is first to fail since onset of coronavirus

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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Bank in West Virginia is closed by regulators

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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Bank in West Virginia is closed by regulators

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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Coronavirus response, ransomware, telecommuting trials: Top stories of the week

03/27/20

What banks need to know about the coronavirus stimulus package; tech vendor Finastra hit with ransomware attack; bank CIOs confront challenge of so many employees working at home; and more from this week's most-read stories.

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Will coronavirus lead to a wave of bank failures?

03/26/20

An uptick in closings is likely, but how many institutions go under and how fast will depend on a variety of factors, including the duration of the pandemic.

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Pandemic prompts FDIC to suspend staff buyouts

03/19/20

The voluntary agreements were meant to help the FDIC make staffing changes ahead of a wave of retirements. But concerns about the coronavirus means those plans will be put on hold.

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