The ‘Problem List’ of the Federal Deposit Insurance Corporation comprises of all banks that are facing serious financial troubles. Factors that are considered in determining if a bank is vulnerable include assets, income, liquidity, sensitivity to market conditions, and the management of the bank. The number of banks in the list stood at 702 at the end of 2009 and it has been predicted that this year will be even worse. [Read more…]
Number of Failed Banks Reaches 37 for 2010
Regulators have shut down seven more banks as the effect of bad loans on the financial industry continues. This has taken the total number of collapsed banks to 37 this year. [Read more…]
