Personal Bankruptcy Lawyer Near Layton Utah
Ascent Law LLC (801) 676-5506 Free Consultation
Is banking going to go bankrupt in America?
The banking system in the United States has been on the verge of collapse for some time now. It’s not a new topic, but it’s one that has many people concerned. If you’re one of them, you might be asking yourself: will my bank fail?
Understanding Banking Failure
Banks have been consolidating into bigger and bigger entities. The FDIC (Federal Deposit Insurance Corporation) is an independent government agency created by Congress in 1933 to maintain stability and public confidence in the nation’s financial system by insuring deposits. Its mission is to maintain public confidence in the U.S. banking system by protecting depositors’ funds through bank deposit insurance and resolving failed insured banks without taxpayer loss.
In 1995 there were over 18,000 commercial banks, but in 2013 there were just over 6,200 banks. The number of total bank failures since 2010 has been 611, and it’s predicted to hit 800 this year. The trend seems clear: with fewer large banks dominating the industry, there’s a greater chance that those big banks will fall during an economic crisis and affect more people than ever before.
Japan’s Financial System
We’ll never know for sure, but there are a lot of worries that our banking system is headed in the same direction as Japan’s. The Japanese economy has been struggling with deflation for nearly two decades now, and their banks are full of bad debt. But the problems of Japan’s financial system aren’t completely negative.
For one thing, the real estate market has been going strong in Japan for years despite low-interest rates. Also, people who have used credit cards to finance big purchases have been able to pay them off much more easily thanks to the deflation. That said, it’s hard to say what would happen if we had a massive banking crisis like Japan did.
If you have any questions, you can get a free consultation with Ascent Law LLC:
Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506
https://g.page/ascentlaw?share
https://www.ascentlawfirm.com/bankruptcy-lawyer/
When you need a Divorce Lawyer, contact this law firm:
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506
Recent Posts
Ascent Law LLC St. George Utah Office
Ascent Law LLC Ogden Utah Office
Directions from Orem Utah to Ascent Law LLC West Jordan Utah
Directions from Holladay Utah to Ascent Law LLC West Jordan Utah
Directions from Vivent Arena Salt Lake City Utah to Ascent Law LLC West Jordan Utah
Layton, Utah
Jump to navigationJump to search
|
Layton, Utah
|
|
|---|---|
Historic Downtown Layton
|
|
Flag
|
|
Location within Davis County and the State of Utah
|
|
| Coordinates: 41°4′41″N 111°57′19″WCoordinates: 41°4′41″N 111°57′19″W | |
| Country | United States |
| State | Utah |
| County | Davis |
| Settled | 1850s |
| Incorporated | May 24, 1920 |
| City | 1950 |
| Named for | Christopher Layton |
| Government
|
|
| • Type | Council–manager[1] |
| • Mayor | Joy Petro |
| Area | |
| • Total | 22.65 sq mi (58.67 km2) |
| • Land | 22.50 sq mi (58.27 km2) |
| • Water | 0.16 sq mi (0.40 km2) |
| Elevation | 4,356 ft (1,328 m) |
| Population | |
| • Total | 83,291 (2,021 est) |
| • Density | 3,634.36/sq mi (1,403.35/km2) |
| Time zone | UTC−7 (Mountain (MST)) |
| • Summer (DST) | UTC−6 (MDT) |
| ZIP codes |
84040, 84041
|
| Area code(s) | 385, 801 |
| FIPS code | 49-43660[5] |
| GNIS feature ID | 2411639[3] |
| Website | laytoncity |
Layton is a city in Davis County, Utah, United States. It is part of the Ogden-Clearfield Metropolitan Statistical Area. As of the 2020 census, the city had a population of 81,773,[4][7] with 2021 estimates showing a slight increase to 83,291. Layton is the most populous city in Davis County and the ninth most populous in Utah.
Layton has direct access to Salt Lake City, Ogden, Salt Lake City International Airport, Antelope Island, and the FrontRunner commuter rail. Layton City is a leader in economic development for the region, with immediate adjacency to Hill Air Force Base, a large hospitality district (1,000+ hotel beds) and conference center, the Layton Hills Mall, multiple nationally recognized retail and food chains, the East Gate Business Park, and the Weber State University-Davis campus.
In 2014, Layton contributed $1.34 billion[8] worth of retail sales activity, the second largest market north of Salt Lake City and seventh largest in Utah.
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
No data matched by id...
Is banking going to go bankrupt in America?https://t.co/nEQjU1v0sq pic.twitter.com/22ar8s8blK
— Jan Meriss Alfonso (@MerissJan) October 25, 2022
Comments are closed.