A purchase and assumption agreement with Iowa Trust & Savings Bank was made. They will assume all deposits from the failed bank. The Deposit Insurance Fund (DIF) will have to shell out $14.8 million. There is a trend that is developing.
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The Japanese Government has created a package to curb inflation. This was announced Thursday as a measure to cushion the blow from a whopping $113 billion spending bill. It is unlikely the package will have any affect.
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