Bank Failures | featured news

Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday.

Regulators closed Community Bank of Rockmart, Ga., on Thursday, raising the nationwide count of bank failures to 88 for the year.

Regulators closed Bank of the Commonwealth, of Norfolk, Va., and Citizens Bank of Northern California, based in Nevada City, bringing the nationwide tally of bank failures to 73 for the year.

A bankruptcy judge rejected Washington Mutual's Chapter 11 plan for a second time, finding the company was too generous with senior creditors but not dismissing the central details of the plan.

The Lehman executives and directors are accused a shareholder lawsuit of misleading investors about the investment bank's health in the months leading up to its collapse.

Twenty-three lenders fell off the government’s list of so-called “problem banks” in the second quarter, bringing the total to 865.

Regulators closed Public Savings Bank of Huntingdon Valley, Pa., on Thursday, boosting to 65 the number of U.S. bank failures this year.

U.S. regulators on Friday announced the collapse of two more banks in Florida, one of the most failure-plagued states in the country this year.

Nearly one-third of 91 European banks undergoing the latest round of public stress tests could need external support to be brought up to scratch, Moody's said.

Washington Mutual agreed to settle a large shareholder class-action lawsuit for $208.5 million that alleged it failed to stop investments when the now-failed bank knew, or should have known, how much trouble it was in.