- Bank Failures Draining FDIC - Fox Business
Welcome to the International Financial Exchange blog. Financial news and advise from IFX, the leader in merchant financing solutions: cash advances, loans, credit card processing and more!
Wednesday, October 12, 2011
FDIC Claims High Due to Bank Failures
The FDIC fund covering losses from bank failures will lose another $19 billion from 2011 through 2015. The number of bank failures is down so far in 2010 compared to 2009 but the numbers are still very large. Are bank failures causing your business to have credit issues? Contact IFX today as another merchant financing option.
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