FDIC ‘Problem List’ Grew 30% in Q2

Posted by Patrick O'Connor on 8/26/08 12:31 pm

U.S. FDIC insured banks are floundering.  The entire group reported net income of $4.96 billion in the second quarter, down from $36.8 billion in the same quarter last year.  And the FDIC’s ‘problem list’ of troubled banks grew from 90 in the first quarter to 117 in the second quarter, a gain of 30%.

Bloomberg Article
AP Article
MarketWatch Article
NY Times Article

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