The number of U.S. banks has exceeded 300

Source: Internet
Author: User
Keywords Bank insurance Company
Tags asset bank capital company credit credit rating list listed total
WASHINGTON, May 27 (Xinhua) The U.S. Federal Deposit Insurance company said 27th that the number of "problem banks" in the United States increased sharply from 252 in the last quarter to 305, the highest level since 1994.  The FDIC did not publish the list of "listed" banks, but said their total assets amounted to $220 billion trillion as of March 31 this year, a sharp increase from 159.4 billion dollars at the end of last year. The FDIC has a quarterly list of "problem banks" based on the credit ratings of regulators on bank capital adequacy, asset quality, management, profitability and liquidity. The company's analysis says the sharp rise in "problem banks" is due to the growing credit losses on mortgages, commercial real estate loans and the excessive issuance of credit cards to banks in the context of the recession.  The company's chairman, Hilla Bell, told media reporters that the continuing increase in the number of closed banks would continue.  In the first quarter, U.S. banks were making 7.6 billion dollars in profits, although they fell 61% from a year earlier, but earnings were better than in the fourth quarter of 2008, according to a report released by the Federal Deposit Insurance Corporation on the same day. According to Bell, "the problem of loans has been accumulating and the clean-up of non-performing assets has had a greater impact on the performance of the industry ... Still, we see some positive signs compared to a year ago. ”
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