Three more banks went bankrupt in the U.S.

Federal deposit Insurance Corporation (FDIC) closed three banks in California, Maryland and Minnesota, bringing the number of bankrupt banks in the U.S. since the beginning of the year reached 84.
Failure of Affinity Bank, Bradford Bank and Mainstreet Bank, which together have total assets of 1.9 billion and deposits of 1.7 billion dollars, will cost the FDIC about 446 million dollars compensation to depositors in them.
During the week it became clear that the number of „problematic“ banks in the U.S. who do not meet quality criteria to belong to the category of stable banks of the FDIC, has increased by 111 during the second quarter of their total number reached 416.
In the case of bank failure by Federal deposit insurance corporation guarantees all deposits amounting to 250 thousand dollars. FDIC insures deposits 8 195 institutions that manage assets of 13.5 trillion. dollars.
Manufacturers & Traders Trust, in which one of the main shareholders is the world’s richest investor Warren Buffett will acquire deposits amounting to 383 million and assets of EUR 452 million from a bankrupt banks, namely Bradford Bank.

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Finance