FDIC: 305 banks are in trouble
Credit, Credit Crunch, The Economy, Real Estate May 27th, 2009
According to Bloomberg:
May 27 (Bloomberg) — U.S. “problem” banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan losses weighed on industry earnings, the Federal Deposit Insurance Corp. said.
The FDIC classified 305 banks with $220 billion in assets as “problem” lenders as of March 31, rising from 252 with $159 billion in assets in the fourth quarter, the agency said today without naming any institutions. The FDIC said its insurance fund slumped 25 percent in the period.
May 30th, 2009 at 12:53 am
Your view is really informative….
Plumbing Courses - Able Skills plumbing courses for anyone looking to learn plumbing. Beginners and advanced with City & Guilds qualifications also available