For the first time since 2006, not a single US bank failed last year

Discussion in 'Economics' started by ETJ, Jan 11, 2019.

  1. ETJ

    ETJ

  2. Here4money

    Here4money

    It's as if they made money collecting interests which have been rising.
     
    Overnight likes this.
  3. Overnight

    Overnight

  4. You need to dig a little deeper.

    10 credit unions failed in 2018.

    The big one was Melrose Credit Union with large losses from taxi medallion loans. Another with the same bad loans was LOMTO Federal Credit Union.
     
    FriskyCat likes this.