With the news today that two more US banks have failed, I thought it would be useful to see where we are with the continuing collapse of the global financial system.
Failed Banks So far:
Northern Rock
Bear Stearns
IndyMac
First Integrity Bank
ANB Financial
Hume Bank
Douglas National Bank
First Heritage Bank
First National Bank of Nevada
Forthcoming failures(?):
Barclays (senior execs jumping ship right now!)
Bradford & Bingley
HBOS
Downey Financial
Corus Bankshares
Doral Financial
FirstFed Financial
Oriental Financial
BankUnited Financial
Washington Mutual
… and many more. Keep you posted.