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Consumer Law

: Caveat Emptor

Banks at Risk of Failure: 702

By Sam Glover

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According to the FDIC, over 700 banks are currently at risk of going under, a huge jump over the last three years, and a bit of a shocker given the size of the federal stimulus. The FDIC has already shuttered 20 banks this year, and there is no sign that things will improve in the coming months.

Banks at risk of going bust tops 700 | CNN Money

Full post as published by Caveat Emptor on February 23, 2010 (boomark / email).

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