The number of problem banks in the U.S. rose to a maximum of 15 years
Aug 28th, 2009 | By admin | Category: Main Newsnumber of problem banks in the United States threatened bankruptcy for the second quarter grew by 36% and reached its peak in 1994, the Federal Deposit Insurance Corporation (Federal Deposit Insurance Corporation, FDIC).
In her data, which results in The Wall Street Journal, there are 416 banks with assets totaling $ 299.8 billion, which at June 30 were classified as problematic. At the end of March, their number was 305, assets - $ 220 billion
FDIC said that the amount of the deposit insurance fund by the end of the second quarter declined to $ 10.4 billion compared with $ 45.2 billion a year ago. At the end of March this year, the fund amounted to $ 13.3 billion
FDIC was created especially for such a time as this, - the head corporation Sheila Bair. - No matter how complex the situation, FDIC has sufficient resources to continue to protect the depositors, as we did the last 75 years.
U.S. banks that participate in the insurance program FDIC, received in the second quarter of the total net loss of $ 3.7 billion In January-March, the banking industry recorded total net profit of $ 7.6 billion
pressure on the industry still has a need to make provisions for possible losses on loans. In April-June, banks have increased the reserves by $ 16.8 billion, with the volume of writing off the bad debts amounted to $ 48.9 billion
In mid-August ordered the FDIC to close the ailing bank Colonial BancGroup Inc., its assets transferred to BB T Corp. Bankruptcy Colonial was the largest among the collapsed since the early years of American finkompany.
Since the beginning of 2009 the number of bankrupt banks reached a record level for the past 17 years - 81. This has caused a reduction FDIC insurance fund about $ 19 billion for comparison: in general, over the past year in the United States ruined 25 banks in 2007 - three.
FDIC - the banking regulator that insures deposits of 8.195 thousand financial institutions with assets worth roughly $ 13.3 trillion.
Vision
In the absence of vision for the development of nationalized banks Cabinet considers the options for their expertise ...
European stocks on Thursday, falling by an average of 0,7%
The stock market of Russia on Thursday updated at least a week after falling oil data from the U.S. helped
Today, the market expects a portion of important macroeconomic news from the U.S.
Week end at the top, if oil prices stand at the position reached, and the U.S. data point to improvements in the consumer sector
Today the attention of the players will focus on emerging data from the U.S. personal income and spending
The market has already fed up good news, as evidenced by the reaction to positive data on GDP in the U.S.
The external background is moderately positive for Russia's market, America has closed higher, Asia traded different direction
Shares of oil and gas companies are now able to enjoy high demand
