In the United States two more banks went belly up last week, pushing total failures to a whopping 94 entities so far this year in the country, even as the economy is showing signs of recovery.As many as 94 bank collapse have been witnessed in just nine months, translating into an average of at least ten banks are going belly up every month so far this year.Two banking entities—Irwin Union Bank, FSB, Louisville, and Irwin Union Bank and Trust Company in Columbus, were shut down by the authorities on 18th September. Of the 109 failures after the demise of the Lehman Brothers, 15 took place last year. So far in September 2009,10 banks have gone belly up.
News On AIR | September 21, 2009 11:47 PM
US bank failures reach 94 in year 2009