Bank closures gain speed

Discussion in 'Wall St. News' started by misterno, Jul 18, 2010.

  1. It surpassed 2009 levels

    With 96 closures nationwide so far this year, the pace of bank failures far outstrips that of 2009, which was already a brisk year for shutdowns. By this time last year, regulators had closed 57 banks. The pace has accelerated as banks' losses mount on loans made for commercial property and development.