U.S. regulators seize two more banks

[Fondue]

Got this from Yahoo!

 

http://news.yahoo.com/s/nm/20080726/ts_nm/...CYPq1RF0A0DW7oF

 

By John Poirier

Sat Jul 26, 12:08 AM ET

 

WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

 

Two weeks after the Federal Deposit Insurance Corp seized IndyMac Bancorp Inc, the Office of the Comptroller of the Currency said it closed First National Bank of Nevada and First Heritage Bank NA of California ........................

 

 

 

 

Will there be another major bank in the pipe line ??

Edited July 26, 2008 by Fondue

[Apollo]

smaller banks' trouble can ignore.

 

no worries.

[Yuan]

Yes. The possibility is there.

 

More and more financial institutions in US and beyond there.