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FDIC spends $5 BILLION to rescue 3 Puerto Rican Banks
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $743.9 million. ... Eurobank is the 58th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $1.23 billion.... R-G Premier Bank of Puerto Rico is the 59th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.31 billion. ... Westernbank Puerto Rico is the 60th FDIC-insured institution to fail in the nation this year. Hard to believe there's 5 billion dollars of deposits in Puerto Rico Posted by: Nimble Spemble 2010-04-30 |
| http://www.rantburg.com/poparticle.php?ID=295747 |