Problem bank ratio at 23-year high

Problem bank ratio at 23-year high

finance.fortune.cnn.com

February 23, 2011 2:48 pm

Fewer banks, more problems.

That's one take on the state of the banking industry, via the latest review issued by the Federal Deposit Insurance Corp.

The number of banks fell for the 25th straight year in 2010, FDIC data show. The agency's deposit insurance fund now covers 7,657 banks and thrifts. That's down 25% from 1999 levels and 58% below the 1985 peak.

At the same time, the number of banks at risk of failure continues to climb. The FDIC says 884 institutions rate dishonorable mention (anonymously, of course) on its problem list. That number has ri

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Related AboveTopSecret.com Discussion Threads:
"Problem Bank List Hits 15-Year High"

So in theory the bank problems are behind us. Riiight!!!!

A small percentage of banks were problem banks in 2009. A few hundred banks were shut down. Now we have fewer banks and the problem should be less right? Nope. Now the problem is worse. We have a higher percentage of the fewer banks as problem banks.

Korea had bank runs. www.koreatimes.co.kr...

I thought it was time to take a breath. I guess we're still in collapse mode.

Who still thinks we're past the hump?

finance.fortune.cnn.com
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reply to post by dbriefed


So What does Super Sheila have to say about that?

Will the FDIC continue to demand higher margins?

Official Link : www.fdic.gov...

Let them all fall.. Banks nothing more than legalised Ah Longs lah ..