US Bank Failures Rise to Six, but Assets Total Just $1.43B
The failure count has passed 2023’s, but the assets involved are far smaller, while the FDIC’s latest assessment shows fewer problem banks and stronger profits.
Every Zipp story tagged #FDIC, newest first.
The failure count has passed 2023’s, but the assets involved are far smaller, while the FDIC’s latest assessment shows fewer problem banks and stronger profits.
Four hundred investors were sold 15-30% returns and FDIC insurance that never existed. The verdict gives federal prosecutors a clean template for the next AI-mining scheme that walks in the door.
The OCC freeze had locked crypto-native custodians like Anchorage and Paxos out of full federal banking status for three years.
Revolut's newly licensed US bank is set to offer stablecoin services alongside traditional FDIC-insured deposit…