Observers: Strongest banks to survive

Edwards, John G.
September 2008
Las Vegas Business Press (10712186);9/15/2008, Vol. 25 Issue 37, pP14
The article reports that market analysts are expecting the presence of large and stronger banks in Southern Nevada. These banks, according to them, will continue to acquire troubled financial institutions and will probably result to fewer but larger banks. To illustrate, analysts explain that the Federal Deposit Insurance Corp. (FDIC) and Nevada Financial Institutions Division will start monitoring a troubled bank and if that bank fails to meet requirements for capital, the FDIC will allow large institutions to bid on the troubled bank.


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