140 U.S. banks closed in the year

Source: Internet
Author: User
Keywords Bank Florida Alabama
Tags business closed financial forced forced out network services total
Jing Chu Network news (Chu Tian Metropolis newspaper) according to Beijing Electric U.S. financial authorities in Friday and closed 7 banks, so that the United States this year has a total of 140 banks announced closed.  In addition, the Federal Deposit Insurance Corporation (FDIC) estimates that more banks may be forced out of business next year. The FDIC said in a statement that the 7 banks that were ordered to suspend business in 6 U.S. states in Friday had a total assets of $14.4 billion trillion, according to the report.  The sharp decline in the value of US trade in real estate has caused huge losses to banks, which, according to Moody's Investor services, estimate that trade real estate prices have fallen by 43% from their peak in October 2007. The 7 failed banks, the first Federal Bank of California, and the Empire Capital Bank (Imperial), the people's First Bank of Florida (Peoples), and the New South Federal Bank of Alabama. South, the independent banker's Bank of Illinois (Independent Bankers '), the Rockbrideg Trade Bank in Atlanta, and the Citizen State Bank of Michigan (citizens).
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