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Bank failures hit 106 for year; many more are weak

By DANIEL WAGNER
,
AP
posted: 45 DAYS 9 HOURS AGO
comments: 0
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WASHINGTON -It's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday — hitting 106 by the end of the day — the most in nearly two decades. But the trouble in the banking system from bad loans and the recession goes even deeper.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-24 08:54:57

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It\'s a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday _ hitting 106 by the end of the day _ the most in nearly two decades. But the trouble in the banking system from bad loans and the recession goes even deeper.