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Seven more banks fail, bringing total to 140
1 hour, 57 minutes ago ago from DailyFinance
The financial crisis has claimed seven more banks, bringing the total number of casualties this year to 140. The FDIC took over all seven of them: Two large banks in California, and smaller ones in Alabama, Florida, Georgia, Michigan and Illinois. California is among the states most severely impacted by the collapse of the real estate market, which has put pressure on mortgages written by community banks. Continue reading Seven more banks ...
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