Banking Profits and Problems
From story AFP: Banking sector shows profits, but below trends: FDIC.:
The latest quarterly figures showed that federally insured commercial banks and savings institutions posted aggregate profit of 914 million dollars in the fourth quarter, a huge rebound from the 37.8 billion dollar net loss the industry sustained in the fourth quarter of 2008.
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The number of banks on the FDIC’s “problem list” rose to 702 from 552 on September 30. The total assets of “problem” institutions increased during the quarter to 402.8 billion dollars.
Forty-five banks failed during the fourth quarter, bringing the total number for the year to 140, the highest since 1992.
via Banking Profits and Problems.
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