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08/30/09
Bank Insurance Fund Down 20 Percent in 2Q
Filed under: General, Business, Finance
Posted by: Lillian Wong @ 5:07 pm

The agency that guarantees bank deposits said Thursday there are no immediate plans to borrow money from the government to bolster its insurance fund, which fell 20 percent to $10.4 billion in the second quarter.

 

That’s the fund’s lowest point since 1992, at the height of the savings-and-loan crisis. Some analysts have warned that the fund could fall below zero by year’s end because of the pace of bank failures.  more…



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