Bank failures have become cheaper, Daniel Gross believes, citing banks that are failing these...

|By:, SA News Editor
Bank failures have become cheaper, Daniel Gross believes, citing banks that are failing these days as smaller and with fewer deposits. Median cost of a 2010 failure to the insurance fund is $58.9M, -20% from 2009 and -60% from 2008. From that perspective, Gross says the worst of the bank failures appears to be over.