Florida's BankUnited Is 34th Bank Failure This Year

from National Public Radio

Dozens of federal regulators entered the headquarters of BankUnited in Coral Gables, Fla., Thursday and seized the troubled thrift. The institution failed under the weight of risky mortgages that went sour. Its closure will drain nearly $5 billion from the Federal Deposit Insurance Corp. The FDIC sold it to a group of private equity investors.

Broadcast Dates

• Morning Edition, May 22, 2009