Failing U.S. banks top 100; What's going on?
Quick Read100 banks have collapsed so far this year, the most since the early 1990s; expert say 300 to 400 more may fail in the next few years.
Photo credit: iStock | The government has closed 100 banks this year, the most since 1992.
A hundred banks have collapsed so far this year, the largest number in a year since the early 1990s, at the height of the savings-and-loan crisis. Some experts say 300 to 400 more banks could fail in the next couple of years.
The 100th bank was Partners Bank in Florida. Financialinstitutions nationwide have collapsed under the weight of souredreal estate loans and the recession.
The...
