How Many Banks Failed During The Great Recession?
Between January 1, 2005, and December 31, 2013, the FDIC documented 492 bank failures. How many banks failed during the 2008 financial crisis? During the crisis years of 2008 to 2013, 489 FDIC-insured banks failed. High concentrations of ADC lending, rapid asset expansion, increased reliance on funding sources other than steady core deposits, and relatively […]
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