Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Problem banks grow in fourth quarter, says FDIC

Problem banks grow in fourth quarter, says FDIC (by Ronald D. Orol)

WASHINGTON (MarketWatch) -- The number of problem banks in the U.S. grew in the fourth quarter, with total failures reaching an 18-year high in all of 2010, the Federal Deposit Insurance Corp. said Wednesday, even as the agency reported another quarter of healthy profits for the banking industry. "Overall, 2010 was a turnaround year with four straight quarters of positive earnings," said FDIC Chairman Sheila Bair. The number of banks on the FDIC's "problem list" grew to 884 in the fourth quarter of 2010, up from 860 in the third quarter, and 829 in the second quarter. Banks insured by the FDIC reported a quarterly profit of $21.7 billion -- the second highest quarterly total reported since the second quarter of 2007 -- compared with the $1.8 billion net loss in the fourth quarter of 2009.

Messages In This Thread

Problem banks grow in fourth quarter, says FDIC