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- Title
Closing Troubled Banks: How the Process Works.
- Authors
Walter, John R.
- Abstract
Explains the process by which troubled banks were being forced to close in the U.S. Series of steps involved in business failure; Effect of failure of non bank firms on creditors; Implication of the failure of banks for depositors and shareholders; Role of the agency which granted the bank a charter to operate in bank closure; Discussion on the Prompt Corrective Action rules which is a policy of the Federal Deposit Insurance Corp. for guiding regulators' approach to troubled banks.
- Subjects
UNITED States; BANK failures; BANKING industry; DEBTOR &; creditor; BUSINESS failures; STOCKHOLDERS; FEDERAL Deposit Insurance Corp.; BANKING laws
- Publication
Economic Quarterly (10697225), 2004, Vol 90, Issue 1, p51
- ISSN
1069-7225
- Publication type
Article