GO
Loading...

Enter multiple symbols separated by commas

Troubled Banks Grow in First Quarter: FDIC

The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the first three months of 2011, the highest level in 18 years.

bank_building_200.jpg

That proportion is about the same as in the October-December quarter last year, though the increase in the number of banks on the Federal Deposit Insurance Corp.'s confidential "problem" list is slowing. The FDIC added only four banks to its list in the January-March quarter.

That brought the total to 888 from 884. Banks on the list are deemed by examiners to have very low capital cushions against risk.

The industry reported its highest earnings as a group in the January-March quarter, $29 billion, since before the financial crisis hit more than three years ago.

Banks

  • Jamie Dimon

    JPMorgan Chase's officials haven't done enough to show what the company is doing right, leading to shareholders disapproval.

  • Attorney General Loretta Lynch enters a packed news conference at the U.S. Attorneys Office of the Eastern District of New York following the early morning arrest of world soccer figures, including officials of FIFA, for racketeering, bribery, money laundering and fraud on May 27, 2015 in New York City.

    U.S. legal authorities said they have the jurisdiction to go after some FIFA officials for corruption charges.

  • Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.