19 Bank Fail This Year
Labels:
Bank and Finance,
Economics News
1 more banks go belly-up
Regulators close down Security Pacific Bank of California, with assets of $561 million, raising the tally of failed banks this year to 19.
By Catherine Clifford, CNNMoney.com staff writer, and Tami Luhby, senior writer
NEW YORK (CNNMoney.com) -- The tally of failed banks in 2008 rose to 19 as the government announced that a California bank had been shuttered Friday night.
Security Pacific Bank, a Los Angeles, Calif.-based bank were shut down by state regulators Friday, marking the 19th bank failures this year.
Related Post : Franklin Bank the 18th Failure
Source : CNN Money
Subscribe to:
Post Comments (Atom)
Post a Comment