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Bank Closings

Mississippians Report Financial Challenges to Consumer Protection Bureau

Bill Bynum | Posted 11.24.2013 | Impact
Bill Bynum

A big obstacle is the closing of bank branches in small towns and low-income neighborhoods. "When the bank told us they were leaving in five weeks, it set off a small panic," said Kenneth Broome, the mayor of Utica, Miss.

4 Benefits of the Drop in Bank Failures

Richard Barrington | Posted 09.17.2012 | Money
Richard Barrington

Trouble with banks was one of the first harbingers of what has become known as the Great Recession, and of the lackluster recovery that has followed. Perhaps an improved banking environment will be an early signal that the economy is finally getting healthy again.

Big Banks' Latest Problem? They're Sitting On Too Much Cash

The Huffington Post | Alexander Eichler | Posted 12.25.2011 | Business

The economy is only barely growing, making some consumers and businesses skittish about taking out loans and with banks not lending that money out, it...

U.S. Banks Failing At Fastest Pace In 2 Decades

Posted 05.25.2011 | Business

MARCY GORDON, Associated Press WASHINGTON -- Regulators shut down four more banks Friday, bringing the 2010 total to 143, topping the 140 shuttered l...

Regulators Shut Down Banks In 5 States

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Was...

Bank Closings Hit 101 For Year; Most Since 1992

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking syst...