While the economy may be showing early signs of stabilizing, the banking industry continues to worsen. In data released late last week, federal regulators added 111 troubled banks to their endangered species list, bringing the total number to 416. This amount is up nearly 4 fold from a year ago, despite the trillions of dollars the government has thrown at the problem. Regulators have shut down 81 banks so far in 2009, and some analysts predict hundreds more banks will be added to the list before it is all done.
What does this mean for many companies in the ARM industry who service bank clients or rely on bank financing for operating capital or expansion?
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