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July 18, 2008
Analysts Say More Banks Will Fail
As many as 150 banks across the country could fail over the next 12 to 18 months, and many other lenders are likely to shut branches or pursue mergers, according to analysts. "Everybody is drawing up lists, trying to figure out who the next bank is, No. 1, and No. 2, how many of them are there," says Richard Bove, a banking analyst with Ladenburg Thalmann.
Posted by S. Germain at July 18, 2008 08:12 AM