FDIC announces 10th bank failure of 2008

20th bank failure this year: 3rd in Georgia
State regulators closed down Community Bank late Friday, making it the 20th bank to fail since IndyMac was taken over by federal regulators in...

Texas bank becomes 18th to fail
Franklin Bank was closed shut down by state regulators Friday, making it the 18th bank this year to fail.

When investment firms go bust
The FDIC protects against losses on bank accounts, but what happens to your investments if a mutual fund company collapses?

Oil prices slip on fresh demand worries
Oil prices retreated Friday as the largest bank failure in the nation's history and uncertainty about the fate of the $700 billion bailout raised...

12th bank failure of '08 announced
Ameribank Inc. was shut down on Friday by the Office of the Thrift Supervision, making it the 12th bank this year to go under.