State of Banking Industry

Earlier in the week, the Federal Deposit Insurance Corporation seized the assets of the Bank of New England, the biggest real-estate lender in… read more

Earlier in the week, the Federal Deposit Insurance Corporation seized the assets of the Bank of New England, the biggest real-estate lender in the northeast. Mr. Knight said that the seizure of the Bank of New England was symptomatic of the poor economy of New England than the banking industry as a whole. The Bank of New England’s failure cost the FDIC approximately 2.3 billion dollars, the second or third costliest bank failure in history. close

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State of Banking Industry

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Program ID:
15611-1
Category:
Call-In
Format:
Call-In
Location:
Washington, District of Columbia, United States
First Aired:
Jan 08, 1991 | 8:51am EST | C-SPAN 1

Airing Details

  • Jan 08, 1991 | 8:51am EST | C-SPAN 1
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State of Banking Industry

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