The banking sector isn’t in the clear just yet. Bank United (BKUNA) just became the 34th bank failure of the year, but it’s also the largest one yet. The Florida-based thrift had assets of $12.80 billion and deposits of $8.6 billion as of May 2. While I think that most bank failures are behind us, this clearly shows that there may be more large-scale failures. Plus, the problems are GM and Chrysler will have ripple effects that could bring down even more banks.
