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Politics and Religion

Bank closures
borabora 15 Reviews 521 reads
posted

What's happening? I want Greenspan back.

BigPapasan238 reads

...about bank failures, you may want to give some examples.  The FDIC says bank failures have been declining in the past few years:

2016 -  5
2015 -  8
2014 - 18
2013 - 24
2012 - 51
2011 - 92

Also, there have been a lot of bank mergers, resulting in fewer choices of banks

Related Link: https://www.fdic.gov/bank/historical/bank/

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borabora134 reads

How does FDIC determine when to close?

Several closures yesterday.

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Badboy1234136 reads

That may close a bank.  FDIC does not have the authority to close a bank, but since they insure deposits they are appointed receiver of the failed bank to liquidate the assets and recover their money. They are primarily closed for either deficient capital, liquidity, or some other unsafe practice.

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borabora53 reads

'branches' for banks.

Intrigued by the number of closures yesterday.

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Badboy1234147 reads

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TwoMints124 reads

If you are talking about a bank closing a branch in your town. Or multiple banks doing it. It's because each branch is a cost center and more and more people are using online banking. They don't need to visit the bank itself. Less staff = higher profits. It's also a way to funnel ppl to being okay with eliminating cash. So many of the banks and elites want that to happen asap. It's the easiest way to control the plebs..

Posted By: borabora
'branches' for banks.  
   
 Intrigued by the number of closures yesterday.

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