Failures and Consolidation Lead to Major Bank Shakeout

by Benjamin Domenech on 8:39 am August 28, 2009

“The problem bank list is just about the only part of the industry that’s growing right now. The sector’s financial problems, outlined by regulators in excruciating detail on Thursday, could speed a shakeout that already has slashed banks’ ranks by almost half over two decades.” This will have wide ranging ramifications.

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