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416 US banks in trouble

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08-28-2009, 12:59 AM

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416 US banks in trouble

The US Federal Deposit Insurance Corporation (FDIC), which overseas American banks, says that 416 now fail its stress tests.While the FDIC will not reveal the identities of the failing banks, it has stated that they have combined assets of $299.8 billion.The result is the highest since 1994, when 434 banks were on the list, and [...]

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