Tag Archives: A Real Failure Friday : Five Banks Fail In Worst Week Since April 2011

A Real Failure Friday : Five Banks Fail In Worst Week Since April 2011 – 30 April 2012

The decline in financial failure has been one of the big themes of the U.S. economic recovery over the past few years. As a general rule, corporate bankruptcies, debt defaults, and bank failures have been decreasing steadily. But last Friday, the Federal Deposit Insurance Corporation’s bank-closure SWAT teams partied like it was 2009, closing five banks and bringing the total number of failures to 2012. (The completed failed bank list can be seen here.) Continue reading

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