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california bank failures

California Banks Began to Implode

by Moe Bedard

Rod Brown, president of the California Bankers Association, said that despite this novel and helpful move, more bank failures probably lie ahead.
“At best we are only halfway through this thing,” he said.

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. [...]

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