Insurance
Summary Box: Bank Failures Are Mounting
The Associated Press
WAVE OF BANK FAILURES: Eighty-one banks have been closed by regulators so far this year, the most since 1992 at the height of the savings-and-loan crisis. The biggest this year: Colonial BancGroup Inc., with about $25 billion in assets. WHY ARE THEY FAILING?: Some of the recent failures are smaller banks, undone not by exotic mortgage products and securities but by garden-variety loans that have soured during the recession. Some big, complex banks are collapsing as well. WHAT'S THE FALLOUT?: Billions are being drained from the federal deposit insurance fund, which stood at $13 billion — its lowest level since 1993 — at the end of March.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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