Bank Failures Could Rise in Next Year »
Posted By y_soitenly 1 year, 1 month ago in Business & FinanceSAN FRANCISCO (Oct. 5) - Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry.
The biggest question is how many will perish and how they will be put out of their misery — in outright closures by regulators scrambling to preserve the dwindling deposit insurance fund or in fire sales made under government pressure.
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