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IPFS News Link • Economy - Economics USA

Regulators shutter 2 big Calif. banks, 5 others

• AP
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.

1 Comments in Response to

Comment by Lucky Red
Entered on:

 Yet, they won't shut the ones that desperately need it:  Bank of America, Citicorp, Chase, et al

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