search query: @indexterm bank failures / total: 74
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| Author: | Williams, C. |
| Title: | End of the Texan mystique. |
| Journal: | Banker
1987 : MAY, VOL. 137:735, p. 51, 53-54 |
| Index terms: | BANK FAILURES USA |
| Language: | eng |
| Abstract: | The Texas economy is battered by the effects of collapsing oil prices and a depressed real estate market. As a consequence, this huge state is experiencing a severe financial crisis, with mounting bankruptcies and unemployment. All the major Texas banks had significant end-year losses, and as many as fifty banks may fail. Tough the probable increase in oil prices will help the recovery in Texas, better banking and more high-tech industry should be build up, too. |
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