Last Friday, U.S. regulators shuttered Doraville, Georgia-based Global Commerce Bank, taking the number of failed banks thus far in 2012 to 12. This follows 92 bank failures in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of a few large banks continue to stabilize on the back of an economic recovery, the industry is still on shaky ground. The sector presents a picture similar to that of 2011, with nagging issues like depressed home prices along with still-high loan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards