Banking & supervision
Bank failures and assumptions, deposit insurance, examinations and enforcement orders.
Reporting
2 storiesAmerican Express closed Series E preferred share sale and announced Series D redemption
American Express closed an August offering of 1.6 million depositary shares representing Series E preferred stock and plans to redeem its Series D shares, as second-quarter net income rose to $3.110 billion.
FDIC terminated insurance at six banks in June 2026
The Federal Deposit Insurance Corporation removed deposit protections from financial institutions across multiple states and issued enforcement orders against individuals and institutions in the second quarter of 2026.