During the 2008 financial crisis, which banks in the United States closed down?

The crisis of Washington mutual bank;

On September 26th, 2008, Washington Mutual Bank, the largest savings and loan bank in the United States, was seized and taken over by the Federal Deposit Insurance Corporation (FDIC). Washington Mutual Bank was founded in 1889, involving assets of 307 billion US dollars, and its bankruptcy became the largest bank failure in American history.

2. The trigger of the current financial crisis is mortgage-backed security, a financial derivative created by Wall Street, which leads to thinking about financial derivatives and their supervision. Financial derivatives not only have the function of dispersing risks, but also have the function of amplifying risks, which has two sides.

Extended data:

Factors leading to American financial crisis:

1. The Wall Street storm triggered by the American subprime mortgage crisis has evolved into a global financial crisis. The rapid development, large quantity and great influence of this process can be said to be unexpected. Generally speaking, it can be divided into three stages: first, the debt crisis, housing lenders can not repay the principal and interest on time caused by the problem.

The second stage is the liquidity crisis. Due to the debt crisis, some of these financial institutions cannot have enough liquidity in time to meet the creditors' requirements for liquidation. The third stage is the credit crisis. In other words, people have doubts about credit-based financial activities, leading to such a crisis.

China Economic Net-[Risk] Global reflection on financial derivatives triggered by the US financial crisis

Baidu Encyclopedia-Financial Crisis (Financial Terminology)