regional banks

Regional banks can no longer ignore the elephant in the room -- their exposure to the commercial real estate bust.

Local banks in Georgia were closed Friday by state regulators, bringing the total number of failed banks this year to 42, according to the Federal Deposit Insurance Corporation.

Some unlikely political allies are pushing a piece of legislation that calls for a full-scale audit of the Federal Reserve and its 12 regional banks.

Steve Henn reports what would be involved in a stress test for the Fed.

Treasury Secretary Timothy Geithner says the federal bailout fund has enough money to cover troubled banks' future capital demands.

But with some regional banks reporting worse-than-expected earnings, will more banks need help? John Dimsdale reports.