Source: WSJ.com
A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.’s list of "problem" institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.
Poor loan performance in other sectors also continued to hurt banks, with the total number [...]
Source: MarketWatch
Three bank failures in Puerto Rico on Friday raised the tally of failed U.S. banks for the year to 60, according to the Federal Deposit Insurance Corp. Puerto Rico’s Westernbank will be taken over by Banco Popular de Puerto Rico; Eurobank will be taken over by Oriental Bank and Trust; and R-G Premier [...]
The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances.
With bank failures running at their highest level in nearly two decades, the F.D.I.C. is racing to keep up with rising losses to its insurance fund, which safeguards [...]
