You are browsing the archives of 2008 December.

On November 25, the FDIC released their Quarterly Banking Profile for the Third Quarter of 2008.

Banks reported net income of $1.7 billion for the third quarter of 2008. This represents a decline of 94% from the third quarter of 2007.
Banks reported $7.6 billion of losses on sales of securities for the quarter, compared to a [...]