Warren Buffett, whose Berkshire Hathaway has more than $19 billion invested in US banks, said the lenders have ample liquidity and are a class apart from European rivals. “I
The count of American banks are falling by the day, with as many as 138 entities biting the dust this year.
The bank collapses in 2010 is all set to
With the banking sector continuing to wobble under financial woes 14 US banks on an average are folding up every month, while the count of troubled entities -- those at
The American economy might be reviving but the count of bank collapses are rising by the day, with 26 entities biting the dust so far in 2010.
The country's banking
Regulators seized four more U.S. banks on Friday, bringing the total for the year to 20.
Six more US banks have been shut down, pushing the total number of failures this year to 130 or an average of nearly 11 entities every month.
The total number of collapses this year has risen to 120 or an average of over ten entities every month.
Three more US banks have folded up last week even as the recession-hit economy is seeing signs of revival.
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