4 ms·
I'm curious how many of these banks were young -- like were they fly-by-nights or were they established players that made bad bets?
by dpkirchner 4y ago
I'm curious how many of these banks were young -- like were they fly-by-nights or were they established players that made bad bets?
- Scoundreller 4y agoPlenty of small and old banks across USA. Not sure how they get by on the back-office side, but they do! Just looked up a US sibling's bank and it was chartered over 100 years ago and has 3 branches. Then there are credit unions, which are another beast that sits outside of FDIC.