Three U.S. Banks Fail, Bringing Year's Total To 51

View previous topic View next topic Go down

Three U.S. Banks Fail, Bringing Year's Total To 51

Post by ToddS on Sat Jul 09, 2011 9:49 am

Three U.S. Banks Fail, Bringing Year's Total To 51

By John Letzing

Published July 08, 2011

| MarketWatch Pulse

SAN FRANCISCO -- Three banks located in Chicago and Colorado were closed by regulators on Friday, bringing the total number of U.S. bank failures this year to 51. The Federal Deposit Insurance Corp. said Chicago-based First Chicago Bank & Trust, which had roughly $887.5 million in deposits, was closed. In addition, Windsor, Colo.-based Signature Bank, which had roughly $64.5 million in deposits, was closed, as was Castle Rock, Colo.-based Colorado Capital Bank, which had about $672.8 million million in deposits, the FDIC said. The three bank failures will cost the federal deposit-insurance fund a combined $590.4 million, according to the FDIC.

[You must be registered and logged in to see this link.]



_________________
“We have the wolf by the ears, and we can neither hold him, nor safely let him go. Justice is in one scale, and self-preservation in the other.”

Thomas Jefferson
avatar
ToddS
Admin
Admin

Posts : 3144
Join date : 2011-03-26
Location : Texas

http://iraqdinarbasics.forumotion.com

Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum