Tag: Federal Deposit Insurance Corp

• Saturday, September 24th 2011 - 22:11 UTC

  US regulators close more banks with failures so far this year totalling 73

  

  United States regulators on Friday closed banks in Virginia and California, lifting to 73 the number of US bank failures this year. The number of closures has dropped significantly this year as banks have worked their way through the bad debt accumulated in the recession. By this time last year, regulators had shuttered 127 banks.