List of problem banks grows
Bank Failures, Current Events, Meltdown | (0)
From CNN:
More banks are in trouble than just three months ago according to the FDIC.
In its quarterly review of the nation's banking industry, the Federal Deposit Insurance Corp. reported Tuesday that the number of firms on its so-called "problem bank" list grew to 117 during the second quarter - its highest level since the middle of 2003. There were 90 banks on the problem list in the first quarter of this year.
FDIC Chairman Sheila Bair expressed little surprise at the increase and warned that the number would grow.
"More banks will come on the list as credit problems worsen and assets ...
