2/24/2010

The Federal Deposit Insurance Corporation has placed more than 700 lenders on its "problem" bank list as it anticipates another wave of failures. The FDIC's insurance fund has taken a significant hit, and another series of bank failures is expected to force the agency to cover billions of dollars in projected losses. "We think that we have the cash we need," said FDIC Chairman Sheila C. Bair.

Related Summaries