FDIC: 829 U.S. Banks at Risk of Failure
I have written several blog articles about the failure of U.S. banks. My most recent article is U.S. Bank Failures In 2010 Surpass 100. Here is a followup to this article.
More than a 10th of U.S. banks remain at risk of failure. The FDIC said that 829 of the nation's roughly 7,800 banks were on its "problem list" at the end of June, up from 775 at the end of the first three months of the year. Already 118 banks have failed this year, well ahead of the pace set last year when 140 were seized by regulators.
Read more in the Wall Street Journal.
