Tweet
I thought things were getting better, ya know, with banks making all-time profits and all:
"The FDIC dropped a bomb of a report on the industry Wednesday. There were 305 problem banks at the end of March, 53 more than were in danger of failure a year ago. Profits have fallen 61%. Charge-offs were relatively unchanged at $37.9 billion. Non-current loans and leases rose by $59.2 billion, or 26%, in the first quarter. That's the largest quarterly increase since non-current loans began climbing three years ago, the FDIC said......More bad news: the ratio of reserves to problem loans fell to the lowest level in 17 years."
http://www.marketwatch.com/story/tar...be-put-on-hold
"The FDIC dropped a bomb of a report on the industry Wednesday. There were 305 problem banks at the end of March, 53 more than were in danger of failure a year ago. Profits have fallen 61%. Charge-offs were relatively unchanged at $37.9 billion. Non-current loans and leases rose by $59.2 billion, or 26%, in the first quarter. That's the largest quarterly increase since non-current loans began climbing three years ago, the FDIC said......More bad news: the ratio of reserves to problem loans fell to the lowest level in 17 years."
http://www.marketwatch.com/story/tar...be-put-on-hold