2018 Was the First Year with no Bank Failures since 2006

by John Galt January 15, 2019 20:35 ET For the first time in thirteen years, the Federal Deposit Insurance Corporation record any bank seizures. This marks the first time since 2006 that the United States did not have a bank failure, but in the bigger economic scheme of things, what does this mean? First and foremost, the lack of action by the FDIC and statements published regarding the health of our banking system indicates that a real economic recovery was underway in 2018. This does not mean all is well throughout…

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