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FDIC struggles to keep ahead of cascading bank failures

The FDIC expects the cost of bank failures to grow to about $100 billion over the next four years. Amid the struggling economy and rising loan defaults, 120 banks have failed so far this year, costing the insurance fund more than $28 billion.

Tags: mngt , recovery , Mitchell Glassman

Friday - 11/13/2009, 10:08am EST
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Federal Deposit Insurance Corporation

Mitchell Glassman
Director, Division of Resolutions & Receiverships
October 20th and 22nd, 2008

Tags: tech , Mitchell Glassman , IBM

Monday - 10/20/2008, 12:54pm EDT
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