31 December 2017
Year End Summary: Bank Failures
There were 8 commercial bank failures, and 11 credit union failures.
This is the fewest number of commercial bank failures least since 2007 (3 that year, over 20 in 2008).
I am not sure how much of this is better economic times or better regulation, and how much is the fact that there are a lot fewer banks because of consolidation.
I have no if this means anything at all, but I've been following this since mid-2009, so I will continue to do so.
(on edit)
My bad, there were fewer commercial bank failures last year, 5, though there were more credit union failures, 15.
This is the fewest number of commercial bank failures least since 2007 (3 that year, over 20 in 2008).
I am not sure how much of this is better economic times or better regulation, and how much is the fact that there are a lot fewer banks because of consolidation.
I have no if this means anything at all, but I've been following this since mid-2009, so I will continue to do so.
(on edit)
My bad, there were fewer commercial bank failures last year, 5, though there were more credit union failures, 15.
Labels:
Finance
,
regulation
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