Eight were seized last week. The trendline for Bank Failure Friday is definitely rising.
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Only if you like insolvency and criminal investigations… Colonial BankGroup, based in Alabama, is a major bank with branches in the South and Nevada. They are insolvent and will be taken over soon. They also face a federal criminal investigation. Two banks, so far, have officially failed today. Both are in Florida. [...] Four banks were pronounced DOA today by FDIC. This includes the pompously yet erroneously named First Bank of Beverly Hills of Calabasas, California which was so terminal that no other bank even wanted what road kill was left of their former assets. Their name strongly implies they are upscale Beverly Hills yet they had [...] |  | ||||
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