In addition to the report of 117 banks being on the "trouble" list, the earnings stink badly. It amazes me how this is all being spun as "good news", though, by the media.
I'll update this entry at 3 PM but every quarter the FDIC updates it's problem list; I'm on record saying when we look back in 12, 18, 24 months we'll see a slew of bank failures, many of which are names we've never heard of.
The FDIC said 117 banks and thrifts were considered to be in trouble in the second quarter, up from 90 in the prior quarter.
Look, the banking industry is facing some serious trouble right now and we expect more failures ahead. (There are 90 banks sitting on the FDIC "trouble" list right now.) Don't let this happen to you and your loved ones.
Nine of the state's banks recently landed on a top-25 list compiled by SNL Financial based on the so-called "Texas ratio," which attempts to gauge how likely the institutions will run into financial trouble.
Federal Deposit Insurance Corp data released this afternoon show 117 banks and thrifts were considered to be in trouble in the second quarter, up from 90 in the prior quarter.
Indymac Wasn't on the FDIC Watch List Trouble is, the FDIC doesn’t publish the FDIC watchlist — and it wouldn’t really help if they did, because people would pull all their money out the troubled banks, causing further trouble.
Yet another crisis confronts us, as we will have to deal with the aftermath of a rather large number of bank failures over the next year, which is likely to overwhelm the ability of the FDIC to insure your bank deposits.
IndyMac wasn't on the watch list until June, the month before it collapsed. Studies done by experts in banking suggest that at least eight percent of US banks are in big trouble.
The FDIC will be updating its list of "problem" institutions today. As of March 31, the FDIC had 90 banks on the list and I suspect the list will only grow larger. Five banks have failed since July 11.
Overall, FDIC has 90 banks on its problem list. Up here, Canada's financial sector is in better shape despite large mortgage-backed write-offs among the chartered banks.
After some thought he said, “If you follow all the recommendations written here, you will ‘maybe’ survive, since there is major trouble coming soon. I know all about this, because our Captain has informed us about this coming event.
Back in May there were only 90 institutions that were on the FDIC Trouble bank list, this number could increase when the latest readings are read in August, but they are still lower than they were in the 1980s and in the early 1990.
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