Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. 7 Banks Fail Today: 52 For the Year So FarSeven banks were taken over by the FDIC on Thursday, six of them based in Illinois. A total of 52 banks have failed so far in 2009, an average of 2 each week.Today's bank failures cost the FDIC over $300 million. According to a report in February, up to 1,000 banks may fail in the next 3-5 years. Labels: bad bank, bank closures, FDIC Please consider donating to Dollars & Sense and/or subscribing to the magazine (both print and e-subscriptions now available!). |
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