Wednesday, 1 September 2010

Number of problem US banks keeps growing

The major Wall Street banks may be back in the business of paying big bonuses to staff but the United States banking system overall clearly still has its problems.
Overnight the FDIC reported that 829 banks with assets of $403 billion were now on its "problem" list. While the number was up from 775 banks at the end of the first quarter of this year, the total assets at risk was down slightly at $431 billion.
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