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Regulators report 27 percent jump in problem banks

February 23rd, 2010
Categories: News, Economic

Link: http://finance.yahoo.com/news/Regulators-report-27-percent-rb-3180263608.html?x=0&.v=1

The number of "problem" U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign the industry's recovery is still shaky, regulators reported on Tuesday. The Federal Deposit Insurance Corp said the industry overall eked out a profit of $914 million for the quarter, benefiting from a healing economy, but said the improvement was concentrated in the largest banks.

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