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SOURCE INTACT FINANCIAL CORPORATION
New bank failures last week included Irwin Financial's two subsidiaries, bringing the total number of institutions shut down by regulators this year to 94.
Irwin Financial's two banking subsidiaries fail, bringing the 2009 tally of failed U.S. banks and thrifts to 94.
Irwin Financial says there's "no realistic prospect" of meeting capital and liquidity requirements set by regulators on Tuesday.
No jobs and bad debt combine to drag down the financial stocks.
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