Tuesday, January 29, 2008

The First Bank Failure of 2008

A tiny bank in Kansas City, Mo., has become the first bank in the country to fail this year—but it's unlikely to be the last. Cunningham expects other small banks—especially those with weak profits and deteriorating capital bases—to follow suit in the coming months, as the slowing economy limits borrowers' ability to repay loans.

read more | digg story

No comments:

6-2-2026

Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...