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Capital Bank was declared insolvent by BoG in August 2017. Its liabilities greatly exceeded its assets. [25] According to the financial analyst, Sydney Casely-Hayford, noncollectable debts of GH₵11 billion owed to Capital Bank and UT Bank resulted in the collapse of the banks. [26]
The bank was re-branded as UT Bank Ghana Limited and opened for business in May 2009. [6] In June 2010, UT Bank and UT Financial Services merged into one company called UT Bank Ghana Limited. Through a reverse listing on the Ghana Stock Exchange, the new bank's shares became listed and those of UT Holdings were de-listed. Its shares traded ...
[15] [17] [18] The collapses of First Republic Bank, Silicon Valley Bank and Signature Bank were the second-, third- and fourth-largest bank failures in the history of the United States, respectively, smaller only than the collapse of Washington Mutual during the 2007–2008 financial crisis.
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Agency officials said the eight largest banks that have huge trading desks and coast-to-coast franchises, such as JPMorgan and Bank of America, will see capital requirements rise by 19% on average.
In the case of New York Community Bancorp, it was largely one office loan and one co-op loan that were responsible for a steep rise in net charge-offs to $185 million from $1 million in the year ...
The Central Bank of Ghana issued a press release on August 14, 2017, announcing the revocation of the license of Capital Bank due to insolvency (another bank, UT Bank also had its license revoked). The statement further mentioned that change of control of Capital Bank had been approved for another bank, the Ghana Commercial Bank. [10]
Southern States Bank 51.6 25 First Capital Bank Kingfisher Oklahoma June 8, 2012: F & M Bank 46.1 26 Carolina Federal Savings Bank Charleston South Carolina June 8, 2012: Bank of North Carolina: 54.4 27 Farmers and Traders State Bank Shabbona Illinois June 8, 2012: First State Bank 43.1 28 Waccamaw Bank Whiteville North Carolina June 8, 2012