US bank failures total 108 after 5 shut on Friday
WASHINGTON, July 31 — US bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded.
Bank failures are expected to peak this quarter, with the industry slowly recovering from large portfolios of bad loans, many tied to commercial real estate.
The banks ...
Date: 2010-07-31 12:00:07
Source: US bank failures total 108 after 5 shut on Friday
URL: http://www.themalaysianinsider.com/business/article/us-bank-...
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