An Illinois regulator closed Metropolitan Capital Bank & Trust on Friday, and the FDIC sold the majority of its assets to Detroit-based First Independence Bank.

A failed bank's trust gears up for a bench trial as the FDIC asks a federal judge to rule a partial summary judgment in its favor.

Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, citing “unsafe and unsound conditions and an impaired capital ...

Stablecoin holders rank fifth in a bankruptcy distribution due to the insolvency of the issuer, contrary to the assertion in the GENIUS act.

The FDIC transferred all deposits and most of the bank’s assets to Detroit-based First Independence Bank, which will reopen ...

Metropolitan Capital Bank became first US bank to fail in 2026 due to loan tied to troubled facility. FDIC estimates cleanup ...

The collapse is linked to a problematic loan tied to the largest default in the federal government’s skilled nursing facility lending program.

Beat average interest rates with one of the top high-yield savings accounts ...

This guide explains how business checking accounts for DTC founders should be set up and used as your operations command center, whether you’re a Shopify ...

This historic settlement follows the court’s ruling that the agency officially violated FOIA,” Paul Grewal, the chief legal ...

Elizabeth Warren and other senators accused the regulatory agencies of pursuing “pernicious” changes to bank supervision that would further tie examiners’ hands.

Fintech giant Revolut is ditching acquisitions to build a bank from scratch. Here is how the de novo process works and what ...