November 23, 2009 at 11:29 AM EST
($JPM) U.S. Bank Failures Hit 124 in 2009
U.S. regulators on Friday closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily [...] ($JPM) U.S. Bank Failures Hit 124 in 2009
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