FDIC says more banks could be in trouble |
News - Financial News | |||
Written by Hugh McManus | |||
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August 26, 2008: The FDIC (Federal Deposit Insurance Corporation) announced that the number of banks on the watch list—those that are at risk of failure—has grown from 90 banks in July to 117 today. While nine banks have failed so far this year, there is a trend of increasing trouble in the industry. More failures, many more, are expected by analysts.
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