Category Archives: News

The government insurance fund designed to protect consumer bank deposits will likely stay in the red through 2012, Federal Deposit Insurance Corp. chief Sheila Bair said Wednesday.... ...Read More...

The “nasty” U.S. recession will tighten its grip next year as unemployment rises and weak home and stock prices imperil consumers, finance firms and debt-laden businesses, a UCLA Anderson Forecast report released on Thursday said.... ...Read More...

Circuit City Stores Inc., the 59-year- old seller of televisions and computers, filed for bankruptcy protection, becoming the biggest retail casualty of the slowing U.S. economy and frozen credit markets.... ...Read More...

The number of institutions on the government’s so-called “problem bank” list surpassed 400 in the latest quarter, climbing to its highest level in 15 years, according to a government report published Thursday.... ...Read More...

Number of failed US banks hits 94... ...Read More...

Florida’s unemployment rate for August was 10.7 percent, relatively unchanged from the revised July rate of 10.8 percent, but up 4.2 percent from a year ago. It is also 1 percentage point higher than the national average of 9.7 percent.... ...Read More...

In the recession, the nation’s poverty rate climbed to 13.2 percent last year, up from 12.5 percent in 2007, according to an annual report released Thursday by the Census Bureau. The report also documented a decline in employer-provided health insurance and in coverage for adults.... ...Read More...