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8 US banks collapsing every month

With four more banks going belly up on July 17, the total failures this year has touched 57, more than double the number of such collapses in 2008. According to the Federal Deposit Insurance Corp, the government agency often appointed as the caretaker of failed banks, the latest entities to collapse were First Piedmont Bank, BankFirst, Vineyard Bank and Temecula Valley Bank. Last year, a to   read more »

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