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Worst is not yet over for Banking sector in US |
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2009.03.06 23:05:39 |
Recent cnn headline quotes "Washington preps for big bank failure". What does it mean?? As we all know recently Treasury conducted a stress testing for the banks in US. Now Washington allowing FDIC to take loan as much as 500 billion dollars as per the news published in CNN. Looks like the two events has some relation. Probably they are sending a signal about the health of some major banks. In near future we might see some major bank failure in US. When it comes to major banks, Citi bank is most obvious one and then Bank of America. Citi bank is already on the edge
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