American bank failures: An uncelebrated century
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
"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!