4 More banks close as U.S. bank failures reaches 124 this year.: Three bank failures in Georgia and one in Ohio has brought 2010's tally to 124, according to the Federal Deposit Insurance Corp. on Frida
Americans' Net Worth Falls Along With Stocks: U.S. households saw their wealth decline in the second quarter despite their efforts to save more money, underscoring the economy's struggle to recover from the recession
Record number of US homes seized by banks: More US homes were repossessed by banks in August—more than 95,000—than in any other month in history, according to realtytrac.com, a real estate marketplace. The company expects 1.2 million bank repossessions this year, a level 12 times higher than in 2005, when there were only 100,000.
Wall Street Banks Committing Widespread Mortgage Foreclosure Fraud: A Florida state-court judge, in a rare ruling, said a major national bank perpetrated a “fraud” in a foreclosure lawsuit, raising questions about how banks are attempting to claim homes from borrowers in default.
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