Feds Close Two Banks In Washington and Illinois – Depositor’s Concerns Grow

Regulators closed two banks today, bringing the total number of banking failures for the year to 63. The FDIC classifies 888 banks as “Problem Banks”, a number which has risen nonstop since 2006.  The number of troubled banks comprise almost 12% of all federally insured institutions.  With many analysts forecasting another recession, a further increase […]