Tomorrow Should Be Interesting 0
After all, Friday is commonly the day when banks bite the dust. That gives the FDIC and the receiving bank, if any, the weekend to allow the dust to settle.
A total of 416 banks with combined assets of $299.8 billion failed the FDIC’s grading system for asset quality, liquidity and earnings in the second quarter, the most since June 1994, the Washington-based FDIC said in a report today. Regulators didn’t identify companies deemed “problem” banks.
We’ve gone from MBA’s to MBE’s–Masters of Business Embalming.
