Troubled Bay Area Banks Begin to ToppleQuicklink submitted by Margaret Bassett Permalink
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|The Federal Deposit Insurance Corp. has seized two San Francisco banks in recent weeks and federal regulators have four other Bay Area banks under scrutiny, as the region loses what had been its relative immunity from an epidemic of failures. Anderson said his firm has a ranking system that considers 29 out of California's 297 banks in danger of failure over the next year. Statewide 14 banks have been closed so far this year.|
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