bank failures

Total number of failed U.S. banks has reached 52 during the year 2009 as seven more banks have been shut down by the bank regulators, this Thursday.

During the 2008-2009 banking crisis this was the largest number of bank failures in one week, it has exceeded the previous record which was five bank failures in a week and that record has been set just last week.

The Street .com’s recent list of 89 undercapitalized banks and thrifts had included all of the seven failed banks. All the five banks that failed last week were also included in that list.

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Tagged as: bank failures, bank regulators, banking crisis, Banks, banks shutdown, campbell group, cmo, collateralized mortgage obligations, commercial loans, David Barr, failed banks, FDIC, holding companies, loan loasses, losses on the CMOs, real estate loans, Total number of failed banks, undercapitalized banks

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