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Tag: Calculated Risk

More than 100 Banks Have Failed in 2009

Doug Cornelius October 26, 2009October 26, 2009 Compliance Bricks and Mortar   [+]

Bank closures are usually symptomatic of the economy. Last Thursday, the number of banks subject to FDIC closure stood at 99. Since FDIC take-overs are usually Friday afternoon, the question was “Would the FDIC would reach one hundred this weekend?” They smashed through the century mark, closing seven banks over the weekend: First DuPage Bank, … Read more »

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