REPORT: Prepare For A Giant New Wave Of US Bank Failures

Forget Europe — the weak U.S. recovery puts more than 750 domestic banks at risk of failure, according to a report from Invictus Consulting Group (via Business Wire).

Invictus, which stress tested all FDIC-insured banks, says 758 lenders could collapse in the next three years, forecasting a new wave of borrower defaults in the absence of a strong economic up-tick.

A disaster in Europe would probably make things much worse.
Read more: 

Categories: Americas, Banks, Business, Economics

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