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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> troubled banks

U.S. banks’ financial condition improves amid ongoing challenges

Posted by RJ and Makay on Nov 23, 2011

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FDICThe number of U.S. banks in financial distress continues to decline, according to federal regulators.  The trend is in line with the ninth straight profitable quarter in the banking industry.  The Federal Deposit Insurance Corporation ((FDIC) reported today that there were 844 “problem institutions” at the end of the third quarter, down from 865 at the end of Q2, and a significant reduction from 888 listed at the end of Q1.