the number of insolvent banks break 100.

Xinhua reported on July 25 the Federal Deposit Insurance Corporation announced that seven of 23 local banks to fail, thus, the United States this year, the number of insolvent banks break 100.

Federal Deposit Insurance Corporation statistics, this year, a total of 103 bank failures, bank rate is expected to close higher than last year.

Federal Deposit Insurance Corporation data, as of the same period last year, 64 U.S. bank failures, then a total of 140 failed banks, failed banks since 1992, most of the year. 2008 financial crisis, the year 25 bank failures, the figure was only 3 in 2007.

Associated Press analysis,British Petroleum has completed the ", the reason to accelerate this year, Bank of bankruptcy, partly because a number of small and medium sized commercial bank loan losses not justify serious.

Information obtained by the Associated Press, the Federal Deposit Insurance Corporation as a top-secret "problem bank" list, the number of banks in the fourth quarter from the 702 to 775 in the first quarter.

Exacerbated by the Bank of bankruptcy,MBT Salama sandals sale, the Federal Deposit Insurance Corporation accounts deficit last year, in March of this year, the deficit amounted to 20.7 billion U.S. dollars. Expects, from 2010 to 2014, "digest" the costs of failed banks totaled approximately 60 billion U.S. dollars.

To complement the insurance fund, the agency last year asked the bank to prepay premiums from 2010 to 2012 approximately 45 billion U.S. dollars.

(This article Source: Xinhua)