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117 banks in trouble, profits plummet 86%, FDIC statistics show

By Arkansas Democrat-Gazette Staff and Wire Reports

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WASHINGTON — The number of troubled U.S. banks leaped to the highest level in about five years in the second quarter, and bank profits plunged by 86 percent as slumps in the housing and credit markets continued.

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This article was published Wednesday, August 27, 2008.

Front Section, Pages 1, 8 on 08/27/2008


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