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Struggling banks would be banned from hiking interest rates above a national average under new government regulations proposed Tuesday that aim to halt such risky behavior.
Non-banks will soon be able to bid for banks on the verge of collapse — a change that should not only keep more troubled banks from failing, but also benefit companies looking to get funding through deposits and the government.
The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued.
Is Your Bank on the List of Those With a High "Texas Ratio"?The Federal Deposit Insurance Corporation, which oversees the nation's 8,500 banking institutions is reportedly watching 90 additional banks.
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