LOS ANGELES -- President Biden says the American banking system remains safe following the collapse of two U.S. banks, but the failures have nonetheless created concern among customers who hold their ...

Warnings that a "shocking wave" of bank closures could arrive within days are colliding with a more nuanced reality.

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Most people still rely on banks for most of their financial needs: In fact, 96 percent of the country has at least one bank or credit union account. (And if you use a bank to deposit your salary and ...

On November 25, the New York Fed released a study analyzing the causes of bank failures. The study postulated the primary reason for such failures was a deterioration of bank fundamentals leading to ...

DOWNTOWN — On Monday morning Santa Monicans who deposit their checks at First Regional Bank were in for a surprise. The bank, which had a branch at 501 Santa Monica Blvd., was seized by federal ...

WASHINGTON (AP) — The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank ...

A bank failure occurs when a state or federal regulator closes it, typically after determining that it’s insolvent. When this happens, the Federal Deposit Insurance Corp. (FDIC) steps in to cover ...

Jeff Somers is a freelancer who has been writing about writing, books, personal finance, and home maintenance since 2012. When not writing, Jeff spends his free time fixing up his old house. He has ...