Business Services Industry
US regulators pull the plug on NetBank, an online bank with $2.5b in assets because of an excessive level of mortgage defaults
Telecom Asia, Nov, 2007
US regulators pull the plug on NetBank, an online bank with $2.5b in assets, because of an excessive level of mortgage defaults. It was the largest savings and loan failure since the tail-end of the industry's crisis more than 14 years ago.
COPYRIGHT 2007 Questex Media Group, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
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