The Federal Deposit Insurance Corp. shut down Nevada’s Silver State Bank over the weekend, in the 11th FDIC-insured bank failure so far this year. Silver State had $2 billion in assets and $1.7 billion in deposits at the end of June, and the FDIC said that this intervention could drain its deposit insurance fund by $450 million to $550 million. Silver State’s branches should open today under the new ownership of Nevada State Bank of Las Vegas. (AP in CNNMoney.com)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Why you should stop believing in evolution
- 4 things NASA can teach you about a good night's sleep
- Why isn't 'Arkansas' pronounced like 'Kansas'?
- Internet piracy isn't killing Hollywood
- The secret to handling pressure like astronauts, Navy SEALs, and samurai
- This 1,600-year-old Viking war game is still awesome
- It's time for the police to rethink 'shoot-to-kill'
- Congress' craven approach toward the war on ISIS
- Is the Christian music industry liberalizing on gay marriage?
- How Israel's hawks intimidated and silenced the last remnants of the anti-war left
Subscribe to the Week