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Category Bank Failure

MainNewsBank Failure
Bank Abruptly Shut Down by US Regulators in Second Bank Failure of 2024

Bank Abruptly Shut Down by US Regulators in Second Bank Failure of 2024

Financial regulators just shut down a bank in Oklahoma, marking the second US bank failure of 2024. The First National Bank of Lindsay has been shu...
Oct, 20, 2024
2 min read
by The Daily Hodl
Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse

Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse

Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leadin...
May, 24, 2024
by Bitcoin News
$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024

US regulators just announced the first bank failure of 2024. The FDIC says it has stepped in to protect $6 billion in assets and $4 billion in cust...
Apr, 26, 2024
2 min read
by The Daily Hodl
Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review

Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review

In this week’s news, another major U.S. bank has failed, a Maine senator has appealed to United States president Joe Biden to grant Silk Road creat...
Aug, 06, 2023
2 min read
by Bitcoin News
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit...
May, 01, 2023
2 min read
by Bitcoin News