bank failure

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ThesaurusAntonymsRelated WordsSynonymsLegend: 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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in classic literature ?
A concession repudiated, a bank failure, a big slump - what does it matter?
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!
The objective of DPC is to compensate the small and financially unsophisticated depositors to the extent of protected deposits in the unlikely event of a bank failure. Stability of their financial systems is of paramount concern for policymakers around the world.
KARACHI -- The State Bank of Pakistan (SBP) on Friday launched the Deposit Protection Corporation (DPC) to provide protection for the depositors in the event of a bank failure.
The State Bank of Pakistan yesterday launched the Deposit Protection Corporation to provide protection for the depositors in the event of a bank failure. The DPC is a wholly-owned subsidiary of SBP and is a deposit protection mechanism for depositors.
The subsequent panic amongst Chase Bank clients to withdraw their money before a bank failure led to a liquidity crunch and a swift move by the Central Bank of Kenya (CBK) to put the bank under receivership.
Compensation was funded by the FSCS - which protects customer deposits in the event of bank failure - with loans from the Treasury, although these government debts need to be repaid by April 2016.
Often, the amounts paid by the individual executives are small as a component of the full value of the bank failure. For instance, in a settlement agreement executed in August 2012 regarding the 2009 failure of Illinois-based Bank of Lincolnwood, former executive James Hamilton agreed to pay $125,000.
The New Zealand Government has looked hard at deposit insurance schemes and concluded that they blunt the incentives for investors and banks to properly manage risks, and may even increase the chance of bank failure.
Trepp's Bank Failure Report said construction and land loans made up $109 million, or 54 percent, of nonperforming loans in the five banks that failed in May, while commercial mortgages counted for $44 million or 22 percent of the total nonperforming pool at $201 million.