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Bank Failures
Regulators shut banks in Florida, Arizona, Kansas
- Regulators on Friday shut down banks in Florida, Arizona and Kansas, bringing to 133 the number of U.S. banks that have failed to hold up this year against the struggling economy and a cascade of loan defaults.
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Regulators shut Florida bank, 131st of year
- Regulators on Friday shut down Republic Federal Bank in Florida, the 131st to succumb so far this year as U.S. banks big and small have been undermined by sour loan portfolios and the battered economy.
Bailout watchdog: Crisis response worked, somewhat
- The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says.
Regulators shut AmTrust Bank in Ohio, 5 others
- Regulators have shut down six more banks, bringing to 130 the number of U.S. banks to be brought down so far in 2009 by recession and mountains of bad debt.
Regulators shut AmTrust Bank in Ohio
- Regulators have shut down big Ohio bank AmTrust Bank. They also closed three banks in Georgia Friday, bringing to 128 the number of U.S. bank failures this year in a climate of economic struggle and deepening loan defaults.
Regulators shut 2 Georgia banks
- Regulators on Friday shut down two banks in Georgia, bringing to 126 the number of U.S. bank failures this year in a climate of economic struggle and deepening loan defaults.
Banks earn $2.8B in 3Q; FDIC says dangers persist
- The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday.
Thrifts earn $200M in 3Q as problems continue
- Thrifts eked out a $200 million profit in the third quarter, as the number of troubled institutions continued to rise.
Banks earn $2.8B in 3Q; insurance fund in the red
- The apparent end of the recession and stabilizing financial markets have not cured the banking industry, the Federal Deposit Insurance Corp. said Tuesday.
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