We learned from anonymous blog BankDeals about MarketWatch's recent story entitled, "Bank failures to surge in coming years". The piece, which discusses the FDIC gearing up for possible bank failures, is subtitled, "IndyMac, Corus, UCBH under pressure as credit crunch slows economy." MarketWatch says, "Only three banks have failed so far in 2008. But that number is set to surge as the credit crunch slows economic growth and hammers some lenders that grew too fast during the recent real-estate boom, experts say."

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