FDIC expects more bank failures 

Federal Deposit Insurance Corporation Chairwoman Sheila Bair warned bankers to brace for higher insurance premiums as banks continue to fail and the the FDIC looks for ways to boost reserves to required minimums.

Addressing the Florida Bankers Association Thursday, Bair said 98 percent banks that hold 99 percent of total bank assets are "well capitalized." But 10 FDIC-insured banks have failed this year, and more will.

more...

To view this premium content sign in to your Premium Member account.

Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Advertise with Inman

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.