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US regional banks show growthNEW YORK - THE 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap. 'It's a significant opportunity because they are able to acquire assets that have been backed-stopped by the FDIC (Federal Deposit Insurance Corporation), that means the losses are covered by the FDIC,' Standard & Poor's ...
2009-11-22 - Straits Times