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Bank-Closure Workload Leads FDIC To Open 3Rd Satellite Office [Wapo]

Monday, June 21, 2010 - 12:42 PM
From the Washington Post
Next month, they will open the doors to the Federal Deposit Insurance Corporation's third new satellite office since the beginning of the financial crisis. The others, in Irvine, Calif., and Jacksonville, Fla., opened last year.

Here's a sign from the article that suggests that the worst of the bank failures may be over:
Although agency officials say that it's becoming easier to find buyers for failed banks and that some distressed banks have been able to raise enough capital to stay afloat, workers in the satellite offices still have plenty of work.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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