American bank failures: An uncelebrated century

Economist | Oct. 26, 2009 (News Analysis)

Partners Bank of Naples, Florida, earned a dubious distinction on Friday October 23rd. It became the 100th American bank failure of the year. On the same day six other lenders—two more in Florida and banks in Minnesota, Wisconsin, Illinois and Georgia—joined the rollcall of failure in the aftermath of the credit crisis. Full Story »

Posted by Derek Hawkins

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Subjects: U.S., Business, Living
Topics: U.S. Economy, Finance, Money
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Posted by: Posted by Derek Hawkins - Oct 26, 2009 - 8:25 AM PDT
Reviewed by: Derek Hawkins (review), John Louden (review)
Content Type: Article
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Edited by: Derek Hawkins - Oct 26, 2009 - 9:18 AM PDT

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Derek Hawkins
3.9
 by Derek Hawkins - Oct. 26, 2009

As for borrowers, particularly small businesses that rely on local lenders, credit may be hard to come by. Barack Obama unveiled proposals on October 21st to increase the ... More »

Derek posted this story.
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John Louden
3.4
 by John Louden - Oct. 27, 2009

"Smaller American banks are now at the centre of the credit storm". Does this mean they're small enough to fail? OMG, this IS news!

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