It's Bank Failure Friday!!! (On Saturday)
Still no commercial bank failures this year, but we have the 5th credit union failure of the year, Mildred Mitchell-Bateman Hospital Federal Credit Union, of Huntington, WI. (Full list)
I do not know why credit unions are failing so much more often than commercial banks, the last bank failure was about 5 months ago.
If my reader(s) have any insights, I would appreciate hearing from them.
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