Posted by & filed under Part 1 Business in a Global Environment.

Description: Three U.S. banks failed on Friday, bringing the total to 98 this year, as regulators continue to shutter financial institutions that are overwhelmed by bad loans and liquidity problems.

Source: Reuters.com

Date: 10/02/2009

Keys: Banking (p558), Economy (p66)

Link:  http://www.reuters.com/article/ousivMolt/idUSTRE59208120091003

Questions for discussion:

  • How are banks similar and yet different from other businesses?
  • Why have these banks failed?
  • How are the problems and successes of the economy reflected in the operations of the banks? Explain your thinking.

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