Banking regulators did everything by the book in closing down the bank run by the family of Alexi Giannoulias, the Democratic candidate for President Obama’s old seat in the U.S. Senate.
Politics played no role in the timing of the April closing of Broadway Bank in Chicago, a Federal Deposit Insurance Corporation investigation concluded.
The FDIC’s latest quarterly report shows that all lending suffering increased delinquency and defaults, including credit card debt. But it’s not evenly distributed: Someone in the Southeast is twice as likely to be late on a card bill.
Men’s Health put together a list of cities in its November issue with the worst personal debt, “Is Your City A Debt Trap?” and gave grades from A+ to F.