In the biggest localized banking challenge since the S&L crisis in 1991, the FDIC is...

|By:, SA News Editor

In the biggest localized banking challenge since the S&L crisis in 1991, the FDIC is resolving an auction of three Puerto Rican banks that together hold more than a quarter of the island's deposits. The moves will "stabilize the patient," says one analyst there, but "we'll be in intensive care rather than bleeding in the street."