81 banks have failed so far this year and the prediction is many more to come.

Many of these banks that will fail will be smaller banks, which hinders the growth of the small business market and according to John Kanas whose private equity firm purchased BankUnited, at least 1000 banks will fail over the next two years


Published in: on August 28, 2009 at 5:22 am  Leave a Comment  
Tags: , , , ,

The URI to TrackBack this entry is: https://pottokettle.wordpress.com/2009/08/28/81-banks-have-failed-so-far-this-year-and-the-prediction-is-many-more-to-come/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: