Wall Street suffered its biggest drop since the aftermath of the terrorist attacks of 2001. Consumer confidence hit a new low in the wake of the subprime mortgage crisis. The number of institutions on FDIC’s list of “problem banks” grew from 90 to 117 in the second quarter of the year. Financial institutions of all sizes must work even harder now to protect their customers’ financial and informational assets. The bottom line is that bad debt continues to result in bad news, and there is no reason to believe the turmoil will end anytime soon.”]
Source: https://www.cuinfosecurity.com/aftershocks-five-key-questions-to-answer-after-market-crash-a-971