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 ...

In a move that could reshape automotive finance in the United States, the Federal Deposit Insurance Corporation (FDIC) has ...

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.

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2026. The Federal Deposit Insurance ...

The Federal Deposit Insurance Corp. said Metropolitan Capital Bank & Trust was closed by the Illinois Department of Financial and Professional Regulation, marking the first U.S. bank failure in 2026.

FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...

Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.

The banks can offer competitive loans to auto customers who might be facing sticker shock, now that the average price of a ...

FDIC approves Ford Credit Bank and GM Financial Bank deposit insurance for Utah industrial banks funding auto loans via savings accounts.

The Federal Deposit Insurance Corporation has approved a deposit insurance application submitted by GM to establish the new GM Financial Bank subsidiary.

General Motors Co. in Detroit and Ford Motor Co. in Dearborn have received Federal Deposit Insurance Corp. (FDIC) and the ...