Wednesday, March 9, 2011

The FDIC has more financial institutions on its "Problem Bank" list than at any point in recent memory.

The FDIC has more financial institutions on its "Problem Bank" list than at any point in recent memory. Based on data from the fourth quarter 2010, 884 banks are in the danger zone. That means roughly one bank in 12 is in hot water.
The good news, insofar as there is any, is that banking failures likely peaked last year. The bad news, however, is that it probably will take another four or five years to cull the herd and rid the financial system of its weakest members. Ongoing failures should eventually bring the number of banks on the Naughty List down to the 125-150 range, where it has been historically.  Full story at:
http://www.investinganswers.com/a/10-troubled-banks-could-fail-within-days-2258?utm_source

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