John Lounsbury's  Instablog

John Lounsbury
Send Message
John Lounsbury, Managing Editor and Co-founder of Global Economic Intersection, provides comprehensive financial planning and investment advisory services to a small number of families on a fee only basis. He has a background which includes 34 years with a major international corporation, 25... More
My company:
John B Lounsbury CFP
My blog:
Global Economic Intersection
  • High Bank Failure Rate Continues 0 comments
    Jul 25, 2010 9:48 PM

    Barry Ritholtz at The Big Picture has this graph, courtesy of The Chart Store, showing that the bank failure rate in 2010 continues at approximately double the rate of 2009.

    The number of bank failures Friday, July 23 was seven, bringing the total for 2010 to 103.

    The unofficial problem bank list at Calculated Risk currently numbers 792.  It has been slowly creeping up in 2010 as more banks have been added this year from new official records surveys than have been removed by failure or other resolutions.  In late February the list contained 617 institutions.

    From, here is a table summarizing all FDIC actions so far in this financial crisis:

    Data through 7/23/2010. 

    Disclosure: No positions.

Back To John Lounsbury's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.