52 US Banks Go Belly Up In 2009; 7 Fail In A Single Day - Congoo

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52 US banks go belly up in 2009; 7 fail in a single day

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MSN.co.in | July 04, 2009

New York: Seven more US banks have been shut down, pushing the total number of failures so far this year to 52 more than double the collapses in 2008. In signs of the continuing economic turmoil, seven banks were seized by the authorities on July 2, the highest for any month in 2009. Twenty five ba...

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