Abstract
This Financial Insights Perspective discusses the following information:
- 52 FDIC institutions
have failed so far in 2009.
- In 1Q09, the cost to
the FDIC Deposit Insurance Fund was $2.2 billion.
- In 2Q09, the
cost estimated to the FDIC Deposit Insurance Fund will be
close to $9 billion.
- Bank failures continue to mount; consumer and
commercial loan delinquencies pick up as unemployment maintains historically high.
- Surviving
banks will need to pick up the slack.
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