01 January 2017

Bank Failure Summaries for the Year

So, there were 5 commercial bank failures, and 15 credit union failures this year, which I have dutifully documented on the oft late "Bank Failure Friday" posts.

This compares to 2015's 8 bank failures and 12 credit union failures.

I am not clear as to why commercial bank numbers went down, and credit union failures went up, though the fact that credit unions are less amenable to the consolidation that has occurred in the commercial bank industry.

The TBTF banks have swallowed up a lot of the commercial bank industry.


Post a Comment