Detailed text transcripts for TV channel - MSNBC - 20131203:10:39:00
Dramatically, below 7,000, the lowest level since the government began keeping track during the great depression. now, the "wall street journal" is reporting the sluggish economy, historically low interest rates and tougher regulations have all taken their toll on the sector. the fdic says the decline from a peak of more than 18,000 has come almost entirely from smaller banks. most left the industry between 1984 and 2011 as a result of mergers or failures. the drop comes as total bank deposits have grown to $9.6 trillion this year. well, it turns out, the cloud isn't free, at least not anymo...
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