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'Problem' Bank List Hits 15-year High

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JUST WHEN WE THOUGHT IT WAS OVER...
The Federal Deposit Insurance Corporation, yesterday said the number of “problem banks” had risen from 305 to 416 during the second quarter, hitting the highest level since 1993. Sheila Bair, the FDIC chairman, said “these credit problems will outlast the recession by at least a couple of quarters," the FT reported.
SOURCE:   Financial Times

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