Three more U.S. banks closed, nearly 100 for year

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: Date: 10/02/2009 Keys: Banking (p558), Economy (p66) Link: Questions for discussion: How are banks similar and yet different from other businesses? Why… Read more »