US Bank Failures Are Slowing

Posted on: 24-10-2011 in Finance

So far this year 85 banks have failed in the U.S. That’s down from 139 bank failures at the same time last year and 98 in 2009.

So, it seems the U.S. has turned the corner in terms of bank failures.  Europe, on the other hand, is likely to see a spike in failures over the coming weeks once banks are forced to write-down loses on Greek bonds.