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Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

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Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

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Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

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The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Financefailed banks

How the FDIC takes over a failed bank

By
Daniel Roberts
Daniel Roberts
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By
Daniel Roberts
Daniel Roberts
Down Arrow Button Icon
February 24, 2011, 10:00 AM ET

You thought the worst was over, but 157 banks failed in 2010, the most in almost 20 years. So far this year, another 22 have bit the dust.

The secretive process of FDIC receivership has all the makings of a heist flick. Take a look below, and click to enlarge the text.

*Time stamps are estimates; length of each step can vary

busted_banks_graphic

 

About the Author
By Daniel Roberts
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