Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in the U.S. so far this year following the 140 that fell in 2009 to mounting loan defaults and the recession.
The recession that never ends. Release the data on Friday evening as to minimize the impact on perception. Why not release this data during market hours on Monday?
Source: finance.yahoo.com
Source: fdic.gov
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