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Bank Failure Friday Costs FDIC Nearly $4 Billion

Posted by MediaMan 1010 days ago (http://universeeverything.blogspot.com)
Category: Business | Tags: bac bbt fdic pnc tarp
The Federal Deposit Insurance Corp. shuttered five banks on Friday, bringing the total number of failures for the year to 77. The agency’s insurance fund took a hit of nearly $4 billion. In March, the FDIC reported that its fund was at a 16-year low
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