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Bank failures hit 106 for 2009 |
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| Oct 24, 2009 04:20 PM UTC |
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Via BloggingStocks:
Filed under: Industry, Financial Crisis
According to MarketWatch, "CreditSights, which tracks the dismal data, predicts that in the current cycle, from 2008 through 2011, as many as 1,100 banks will fail. That would wipe out 13.4% of all U.S. banks, representing 7% of U.S. banking assets." Continue reading Bank failures hit 106 for 2009 Bank failures hit 106 for 2009 originally appeared on BloggingStocks on Sat, 24 Oct 2009 11:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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Seven more banks failed late Friday, including institutions in Illinois, Minnesota, Wisconsin, Georgia, and three in Florida. The FDIC posted the liabilities it would assume and which banks would take on customers from the shutter institutions in
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