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IPFS News Link • Economy - Economics USA

1/3 of Banks Will Disappear Next Year

12-24-08 • CNBC.com/

Over a 1,000 banks in the G8 countries are not expected to survive 2009. Many banks don't have enough money to survive in 2009, but mergers will keep their brands alive, said Ralph Silva of TowerGroup.

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Reported By Jack Gregson

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1/3 of Banks Will Disappear Next Year

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