Washington Mutual, which was heavily involved in risky mortgages and became the largest bank to fail in U.S. Most were small or midsize regional banks and were absorbed into other institutions, a common outcome for banks that have been put under government control. From 2008 to 2015, more than 500 federally insured banks failed.
The implosion that year of Washington Mutual, as well as the investment banks Lehman Brothers and Bear Stearns, was followed by failures throughout the banking system.
That’s more than the $526 billion, when adjusted for inflation, held by the 25 banks that collapsed in 2008 at the height of the global financial crisis. The three banks held a total of $532 billion in assets. Government regulators seized and sold off First Republic Bank on Monday, making it the third bank to fail this year after Silicon Valley Bank and Signature Bank collapsed in March. banks and does not include investment banks. Chart includes failures of federally insured U.S. Source: Federal Deposit Insurance Corporation Note: Assets data is as of Dec.
