Bank Failures Slow, but 'Problem' Backlog Looms
Posted: Fri Jul 08, 2011 5:45 pmSource WSJ:
http://online.wsj.com/article/SB1000142 ... 63868.html
The quote to focus on in this article is the following:
"The number of banks on the Federal Deposit Insurance Corp.'s problem list—a quarterly tally of banks in greater danger of failing—was at the highest level yet for the current cycle when it was last released in May, at 888. Although net additions to the list have fallen to a trickle, the number has yet to drop even as banks continue to fold."
http://online.wsj.com/article/SB1000142 ... 63868.html
The quote to focus on in this article is the following:
"The number of banks on the Federal Deposit Insurance Corp.'s problem list—a quarterly tally of banks in greater danger of failing—was at the highest level yet for the current cycle when it was last released in May, at 888. Although net additions to the list have fallen to a trickle, the number has yet to drop even as banks continue to fold."