Bank Failure Friday: Five Banks Down, With Big Loss in Puerto Rico
filed in Daily Buzz News on Apr.30, 2010
Rolfe Winkler, CFA submits:
Taken together, the estimated loss for the Deposit Insurance Fund for the three failed Puerto Rican banks is a whopping $5.3 billion.
That’s the largest hit to the Deposit Insurance Fund since IndyMac failed nearly two years ago, costing the DIF $10.7 billion.