Category: Banking
Bank Failures on the Horizon: Powell Warns of Risks in Real Estate
May 2nd, 2024
Powell Warns of Bank Failures The stability of the banking sector is a critical component of the global financial system, and recent statements from the Federal Reserve (Fed) have highlighted concerns about potential bank failures. Federal Reserve Chair Jerome Powell, …Read more »
Why Did Citizens Bank in Iowa Collapse?
February 20th, 2024
The trucking industry in the United States has faced immense challenges over the past two years. Companies, both large and small, have gone out of business, and the competition for freight has driven rates to historically low levels. Brokerages have …Read more »
Bank Insurance: How Does FDIC Deposit Insurance Work?
February 17th, 2024
When it comes to banking, safety or deposit insurance is a top concern for depositors. The Federal Deposit Insurance Corporation (FDIC) was created to help ensure that depositors’ funds are protected in the event of bank failures. Depositing money in …Read more »
Bank of America Fined $12 Million for Misleading Mortgage Data
November 29th, 2023
The Consumer Financial Protection Bureau (CFPB) has imposed a hefty fine of $12 million on Bank of America for misleading mortgage lending data reported to the federal government. The fine comes as a consequence of the bank's violation of the …Read more »
Fifth Bank Failure in 2023: Closure of Citizens Bank
November 10th, 2023
If you are a customer of Citizens Bank in Sac City, Iowa, you may have been surprised to find out that your bank was closed by the regulators on November 3, 2023. This marked the fifth bank failure in the …Read more »
US Bank Stocks Hit an All-Time Low Amid Bond Market Turmoil
November 9th, 2023
In a startling turn of events, US bank stocks have plummeted to an unprecedented low, sending shockwaves through the financial markets. According to financial experts, this drastic downturn is not a standalone occurrence but rather the result of a perfect …Read more »
Bank Failures This Week: Is Banking Industry in Trouble?
November 8th, 2023
The banking industry is a cornerstone of the global economy, facilitating the flow of capital and supporting businesses and individuals with their financial needs. However, the industry is not immune to challenges, and bank failures can cause significant disruptions in …Read more »
Citizens Bank Collapse Sac City, IA (2023)
November 8th, 2023
On Friday, November 3, 2023, Citizens Bank was closed by the Iowa Division of Banking. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Iowa Trust …Read more »
What is Leveraged Financing: Definition, Benefits, and Risks
September 13th, 2023
Are you an entrepreneur looking for ways to fund your business venture? Or an investor looking for high returns on your investment? If so, you've probably come across the term "leveraged financing." But what exactly does it mean? In this …Read more »