The closures of Statewide Bank in Louisiana and Florida's Old Southern Bank brought the number of bank failures this year to 30, according to the Federal Deposit Insurance Corp. Even though both banks were closed Friday by state regulators, customers can continue using checks and cards because ... Read more...
NEW YORK (CNNMoney.com) -- The first bank to fail in 2010 is Horizon Bank, based in Bellingham, Washington. State regulators seized the bank's 18 branches on Friday. But Horizon customers are protected. The Federal Deposit Insurance Corporation, which has insured bank deposits since the Great... Read more...
0 comments,
25/11/2009,
by IAmNotARapperiSpit.com in Illuminati,
News,
Politics As Usual,
Stranger than fiction,
World News
WASHINGTON (AP) -- The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday. Banks earned $2.8 billion in the third quarter... Read more...