Seven Georgia banks were issued the Federal Deposit Insurance Corp.’s strongest regulatory rebuke last month, according to an announcement Friday by the banking industry insurer.The banks, concentrated primarily in metro Atlanta, entered into cease-and-desist orders with the FDIC, an agreement that stipulates how the bank must overhaul its business, or face failure.
FDIC ups cease-and-desist orders in Ga. – Atlanta Business Chronicle:
In case anyone was wondering if the economy has hit bottom yet. Personally, I’d go with no, we’re still falling. And hitting the bottom may be about right, it will be a big hit.
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