For the first time since 2006, not a single US bank failed last year

https://www.cnbc.com/2019/01/09/for...06-not-a-single-us-bank-failed-last-year.html

 

It's as if they made money collecting interests which have been rising.

 

Well good for the bloody banks then.

 

You need to dig a little deeper.

10 credit unions failed in 2018.

The big one was Melrose Credit Union with large losses from taxi medallion loans. Another with the same bad loans was LOMTO Federal Credit Union.