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News Link • Economy - Economics USA

US bank failures top 100, only part of industry woes

• AP
The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests.

Dozens, perhaps hundreds, of other banks remain open even though they are as weak as many that have been shuttered. Regulators are seizing banks slowly and selectively, partly to avoid inciting panic and partly because buyers for bad banks are hard to find. 

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