How many banks of failed in the past four years in the United States? Four. How many are analysts saying might fail soon? Up to 50 according to this New York Times article.
Fortunately, we handle bank failures very well in the United States. How do I know? My bank was one of the four that failed and it was closed for one weekend, during which time I had access to all of my money because ATM and debit card transactions were not shut off. The bank closed on Friday evening and on Monday morning another bank had taken over, after the Office of Thrift Supervision intervened.
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