Headlining this week's bank failures is Corus out of Chicago. Condo loans in Florida and other bubbly states did 'em in. There's an odd item in the press release. It lists the bank's deposits as "approximately" $7 billion. I can't remember seeing that modifier in a bank failure press release. When you read enough of them, the littlest things jump out at you...
from Rolfe Winkler:
Five bank failures tonight, bringing the total for the year to 77. See below for a video clip and for details about the Deposit Insurance Fund's resources.