Failures down in 2011, but weak banks are taking longer to recover or die
(NEWSER) - Bank failures were down significantly in 2011, but that doesn't mean banks are getting healthier—it just means sick ones are taking longer to die, the Wall Street Journal finds. Some 92 banks failed last year, down from 157 in 2010. But many of 2011's casualties were in weaker shape than the banks that failed in 2010. There are still 844 banks on regulators' problem-bank list, and analysts expect many more undercapitalized banks to fail over the next two years. More»
