The list keeps growing.
Since my last update in July, three more banks in the country have failed. One in Florida, one in California and one in Nevada.
That brings to total to eight.
According to the Federal Deposit Insurance Corp.’s failed bank list, that’s the highest number of bank failures in five years.
But it’s still below 2002, when there were 12 bank failures.
Stay tuned …
One Comment
“But it’s still below 2002, when there were 12 bank failures.”
If I am not mistaken IndyMac cost more than all 12 of those.