Re: When was the last time major bank went bankrupt in US?
Technically banks do not go bankrupt, they become insolvent. In that case they are normally worked out by the FDIC. When you ask about major, do you mean a money center bank? In that case Continental in the early 80's would be it. The thing is that small regional banks have more assets then Continental had at its peak.
Superior bank in the Chicago area (owned partially by the Pritzker family of Hyatt Hotels fame) went insolvent a couple years ago.
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