Six U.S. Bank Licenses Revoked

Padang Number of U.S. banks that were frozen continues to grow. Yesterday, the U.S. banking authorities suspended the licenses of six banks.

The details, the three banks namely Bank of Ellijay Georgia with assets amounting to 168.8 million U.S. dollars, First Commerce Community Bank of Douglasville with assets amounting to 248, two million dollars and the Peoples Bank of beraset of 447.2 million U.S. dollars.

While the other three banks namely ISN Bank in New Jersey who beraset 81.6 million U.S. dollars, Bramble Savings Bank of Milford in Ohio who beraset for 47.5 million U.S. dollars and Maritime Savings Bank, based in Wisconsin. The last bank beraset 350.05 million U.S. dollars. Deposit Insurance Agency, neither the United States The Federal Deposit Insurance Corp.. (FDIC) has taken over the six banks.

With the revocation of three licenses of banks in Georgia is the number of banks that were frozen this year to 14. The cause because many of the bad property loans.

The number of bank failures this year is expected to reach its peak. The number is estimated at more than 140 years ago who reached the fruit due to the global financial crisis.

Last year, the FDIC must issue the funds amounting to 30 billion U.S. dollars. Due to the number of bank failures, the FDIC must disburse funds are great.

In fact, FDIC financial reports last year in the red zone and experiencing a deficit of 20.7 billion U.S. dollars to 30 June. FDIC estimates the cost to nourish the bank since 2010 till 2014 amounted to 60 billion dollars ahead of U.S..


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