FDIC's Problem Bank List Increases to 860 Names

Zacks.com submits:

The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings and loan crisis in the early 1990s.

Banks that feature on the problem list are most likely to fail, though some may survive and pull out of the crisis. As of now, only less than a quarter of banks on FDIC's problem list have actually failed. This ratio, however, is likely to change. While the list is increasing gradually, bank failures are snowballing.

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By admin posted about 1 year ago

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