US regulators shut down eight more banks, bringing the number of failed financial institutions to 51 since beginning the year - MQL4 and MetaTrader 4

w2m 2010.04.18 04:55 #20051

This suggests that the EUR will rise : 18 April 2010 at 2:27
US regulators have shut down eight more US banks, ABC TV reports. This brings the number of failed financial institutions in the country to 51 since the beginning of the year. Experts expect that the peak of taking away licenses from small banks will fall on this year. For comparison, by the middle of 2009 slightly more than 60 financial institutions lost their licenses.

Over the past week, sanctions imposed by regulators affected City Bank, Washington State (assets - about $1.1 billion), Tamalpais Bank of San Rafael, California ($629 million in assets), and Innovative Bank of Oakland in the same state ($284 million).
Three banks went bust in Florida: First Federal Bank of North Florida ($394 million in assets), AmericanFirst Bank of Clermont ($90.5 million), Riverside National Bank of Florida ($3.42 billion). One each in Massachusetts is Butler Bank of Lowell ($268 million in assets) and in Michigan is Lakeside Community Bank of Sterling Heights ($53 million in assets).

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