2008-07-27

2 more US banks taken over

The US Federal Deposit Insurance Corporation have closed the First National Bank and First Heritage Bank, separately operationg in Nevada and California, increasing the number of the country's bankrupt banks to 7 this year. The banks went bankrupt due to a lack of capital caused by shrinking asset value and processds.

No comments:

 
ss_blog_claim=720ce3d1f975f6daf6db9cb802ef9bec