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banks

Jun 5, 2025

Carter Bank completes the purchase of two First Reliance Bank branches in North Carolina 

Carter Bankshares, Inc. (Nasdaq: CARE), the holding company for Carter Bank (the “Bank”), has announced the completion of the previously announced Purchase and Assumption for the deposits associated with two branches […]

Apr 18, 2023

5 policies that could make future bank failures less likely or severe

Brian Gendreau, University of Florida (THE CONVERSATION) The abrupt failures of Silicon Valley Bank and Signature Bank and subsequent concerns about the stability of other banks have reignited a fierce […]

Mar 30, 2023

GOP lawmakers accuse Fed of being lax before bank failure

WASHINGTON (AP) — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations […]

Mar 29, 2023

Fed official: Bank rules under review in wake of SVB failure

WASHINGTON (AP) — The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top […]

Mar 28, 2023

Fed official: SVB itself was main cause of bank’s failure

WASHINGTON (AP) — The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the […]

Mar 28, 2023

Deal to buy Silicon Valley Bank calms bank fears, for now

NEW YORK (AP) — First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle […]

Mar 27, 2023

Fed’s unwanted ally in bid to tame inflation: Credit crunch

WASHINGTON (AP) — The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a […]

Mar 24, 2023

EU leaders play down bank risks as economy weakens

BRUSSELS (AP) — European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy […]

Mar 22, 2023

Americans’ faith in banks low after failures: AP-NORC poll 

By PAUL WISEMAN and HANNAH FINGERHUT Associated Press  WASHINGTON (AP) — Only 10% of U.S. adults say they have high confidence in the nation’s banks and other financial institutions, a […]

May 31, 2016

Former First Union CEO Cliff Cameron dies at age 96

CHARLOTTE, N.C. (AP) — Charles Clifford “Cliff” Cameron, credited with building Charlotte’s reputation as a banking hub before joining Gov. Jim Martin’s administration to help with budget matters, has died. […]

May 24, 2016

Court reinstates lawsuits alleging collusion by big banks

NEW YORK (AP) — Lawsuits against 16 of the world’s largest banks alleging they colluded to manipulate the primary benchmark for global short-term interest rates have been reinstated by a […]

Apr 13, 2016

Regulators: 5 big banks get failing grades for crisis plans

WASHINGTON (AP) — Federal regulators say that five of the biggest banks in the U.S. have inadequate plans for unwinding operations in case of failure, potentially leaving them unable to […]

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