They’ve also created new banks in the past (presumably when they can’t facilitate a shotgun marriage). E.g. the first big bank failure in 2008, and the 3rd lar

They’ve also created new banks in the past (presumably when they can’t facilitate a shotgun marriage). E.g. the first big bank failure in 2008, and the 3rd largest failure ever (after WaMu and now SVB), IndyMac became OneWest https://en.m.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present) https://en.m.wikipedia.org/wiki/List_of_bank_failures_in_the... > On March 19, 2009, a seven-member investor group, IMB Holdco, led by Steven Mnuchin—which included billionaire Christopher Flowers, John Paulson, Michael Dell, and George Soros—purchased Independent National Mortgage Corporation (IndyMac Bank) of Pasadena, California for $13.65 billion from the FDIC and created OneWest from the remains of IndyMac https://en.m.wikipedia.org/wiki/OneWest_Bank https://en.m.wikipedia.org/wiki/OneWest_Bank