FDIC Bracing for Bank failures
Feb.28, 2008 in
Finance

Bad news about the banking industry may have you wondering about the safety of your hard earned cash at your own bank.
In the past year there have been four bank failures.
And the chairman of the Federal Deposit Insurance Corp and banking industry experts foresee many bank failures down the road.
“Regulators are bracing for 100-200 bank failures over the next 12-24 months,” says Jaret Seiberg, an analyst with the financial services firm, the Stanford Group.
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