News Source: Pittsburgh Post-Gazette
| about 1 year ago
The Federal Deposit Insurance Corp. said banks categorized as "problem" institutions increased 46 percent in the third quarter to the highest level in 13 years as the credit crisis battered the financial industry. Sept. 30, up from 117 in the second...
News Source: India Abroad
| about 1 year ago
The US government said on Tuesday the number of 'problem' banks in the country has risen to 171 -- the highest number in past 13 years -- while the assets held with the problem institutions have exceeded $ 100 billion for the first time in almost the...
News Source: Asian Wall Street Journal
| about 1 year ago
Home builders from Florida to Texas are railing against the Federal Deposit Insurance Corp., saying the agency is cutting off construction financing from seized banks and demanding early repayment of current loans. They can do anything they want,"...
News Source: Asian Wall Street Journal
| about 1 year ago
U.S. banks, battered by the worst financial crisis in decades, posted earnings of $1.7 billion in the third quarter of 2008, the industry's second-weakest results since 1990, the Federal Deposit Insurance Corp. said...Nine banks failed between July...
News Source: The Daily Telegraph (Australia)
| about 1 year ago
The industry also reported $US7.6 billion in losses on sales of securities and other assets in the third quarter, compared to $US77 million in gains a year earlier...Nine insured institutions failed in the third quarter, the most since the third...
News Source: The Age
| about 1 year ago
US1.7 billion from $US27 billion in the same period last year. Except for the fourth quarter of 2007, it was the lowest quarterly profit since the fourth quarter of 1990...Bert Ely, a banking consultant based in Alexandria, Virginia, pointed out...