Banks report small profit but ‘problem’ list jumps
Thursday, March 17th, 2011America’s banks eked out a small profit in the fourth quarter as the economy recovered, but the number of banks considered troubled jumped to more than 700, the government reported Tuesday.
Banks shuttered in Fla., Ill., Md., Utah
Thursday, March 17th, 2011Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
FDIC’s Bair says low interest rates “appropriate”
Thursday, March 17th, 2011A low interest rate policy is “clearly appropriate” due to the still struggling economy, a top U.S. bank regulator said on Monday, while also expressing frustration that banks are not doing enough to get credit flowing.