small banks

4 Stories

US Banks Hit Lowest Number Since Depression

Pennsylvania sees country's first startup since 2010

(Newser) - There are currently 6,891 banks in the US—the fewest since 1934, when the federal government started keeping records. The figure is down from about 18,000 in the mid-1980s, and it's largely because small banks have been disappearing, the Wall Street Journal reports. Between 1984 and 2011,... More »

Mystery Exodus: $114B Withdrawn From Banks in Jan.

Fed data shows post-9/11 record

(Newser) - The country's biggest banks have seen $114 billion leave their coffers this month, with withdrawals in the first full week of the year hitting a post-9/11 record, according to Fed data. Seasonal adjustment cuts the figure to $52.8 billion, which remains the third-highest ever recorded. Bloomberg is trying... More »

98 TARP-Funded Banks Risk Failure

Smaller banks under stress, finds WSJ analysis

(Newser) - Some 98 US banks that received government bailout cash may be at risk of failing under the weight of bad loans and eroding capital, a Wall Street Journal analysis of third-quarter data finds. That's up from 86 in the second quarter. The 98 at-risk institutions received $4.2 billion in... More »

Feds Weigh New Bailouts for Smaller Banks

Congressional Dems on board with plan to help institutions hammered by real estate

(Newser) - With the residential and commercial real-estate markets continuing to hammer smaller US banks, the Treasury and other federal agencies are trying to diagram help for institutions considered too much of a gamble under original bailout terms. Congressional Democrats are “very, very supportive” of such a move, a source tells... More »

4 Stories