MLC FLASH NEWS

October 30, 2009

Nine U.S. banks seized in largest one-day haul

Filed under: Gadgets — Reuters: Top News @ 11:11 pm

LOS ANGELES (Reuters) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans.

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