Bank Failures in the US and Bankruptcy Code Section 365(o)January, 2011
Reason: Bank Failures Rise to Record Highs
The Great Recession continues to take a toll on banks. In 2010, 149 banks had failed by mid-November. That’s nine more than in 2009 and more than five times the number in 2008. Not since 1992 have so many banks failed in one year.
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