Four banks shuttered as credit crunch shakes out (Market Watch)
April 25th, 2009More info…
Four banks in Georgia, Michigan, California and Idaho are shut by regulators, costing the Federal Deposit Insurance Corp.’s deposit insurance fund nearly $700 million as the effects of the credit crisis continued rippling throughout the U.S. economy.
U.S. regulators close 4 banks and a credit union (Reuters via Yahoo! News)
U.S. bank regulators on Friday closed four banks and one credit union as the recession took its toll on financial institutions.
Obama seeks crackdown on credit card rate, fee hikes (Chicago Tribune)
President wants crackdown on rate, fee hikes; industry defends practices as necessary WASHINGTON — Building on populist anger against the nation’s financial institutions, President Barack Obama on Thursday called for new federal rules to crack down on credit card companies that jack up interest rates and otherwise take advantage of unwary consumers.
