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IPFS News Link • Economy - Economics USA
Regulators on Friday shut down two big California banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.
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1 Comments in Response to Regulators shutter 2 big Calif. banks, 5 others
Yet, they won't shut the ones that desperately need it: Bank of America, Citicorp, Chase, et al