bank failure

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Noun1.bank failure - the inability of a bank to meet its credit obligations
failure - lack of success; "he felt that his entire life had been a failure"; "that year there was a crop failure"
References in classic literature ?
Consider the wastes incidental to the blind and haphazard production of commodities--the factories closed, the workers idle, the goods spoiling in storage; consider the activities of the stock manipulator, the paralyzing of whole industries, the overstimulation of others, for speculative purposes; the assignments and bank failures, the crises and panics, the deserted towns and the starving populations
A concession repudiated, a bank failure, a big slump - what does it matter?
He blamed bank failures on poor corporate governance, saying risk-based premiums will reward best practices and shield depositors by setting higher compensation.
Banco Popular, which came close to a collapse, was the first case in which European officials brokered a deal under a new EU system for handling bank failures.
Both the number of bank failures and their associated cost increased tenfold compared to the years between 2000 and 2007.
Summary: A rash of recent bank failures has put customers on edge but could shape a resilient long-term banking sector
The series of bank failures has led several-including Parliamentarians that have demanded an investigation-to wonder openly if past CBK officials such as former Governor Njuguna Ndung'u were to blame.
The bank failures caused by the Great Recession have prompted numerous proposals to increase bank capital requirements.
Verheijen added, the Deposit Insurance Fund of Serbia was depleted by many recent bank failures, so US $200 million will be assigned to replenish the Fund.
The rate of bank failures dramatically peaked in 2010, and has been dropping off in each subsequent year.
Looking back at recent financial history, it is quite difficult to find examples of full-fledged bank failures in which losses have been forced upon creditors.
And the first quarters of the past three years have been pretty good indicators of bank failures throughout the rest of the year.