Banking Industry – Recovery or Another Bailout? The latest FDIC Quarterly Banking Profile shows a banking industry still in turmoil, as non performing loans reached all time highs. The banking industry reported an aggregate net loss of $3.7 billion in the latest quarter ending June 30, 2009 compared to a year ago quarterly profit of […]
Is The Banking Industry Collapsing Or Improving? – Charts Provide Some Insights
August 27, 2009 By 1 Comment
FDIC 2009 Second Quarter Banking Profile
August 27, 2009 By 1 Comment
Quarterly Banking Profile, June 30, 2009 On August 27, 2009, the FDIC released their Quarterly Banking Profile for the Second Quarter of 2009. The Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, an increased number of banks on the Problem Bank List, a declining FDIC Insurance Fund, […]
Analyst Predicts Up To 200 More Banking Failures
August 25, 2009 By Leave a Comment
Banking Failures Continue Banks are facing numerous problems in the current banking crisis. Mortgage defaults continue to rise to unprecedented levels, commercial loans are forecast to be the next black hole in bank balance sheets and loan volume continues to contract. The FDIC has been closing banks at what appears to be a leisurely pace […]
FDIC 2009 First Quarter Report
May 27, 2009 By Leave a Comment
Quarterly Banking Profile, March 31, 2009 On May 27, 2009, the FDIC released their Quarterly Banking Profile for the First Quarter of 2009. Highlights of the FDIC report include the following: Banks reported earnings in the four quarter 61% lower than a year ago, earning a net profit of $7.6 billion. This was a major […]
FDIC 2008 Fourth Quarter Report
May 4, 2009 By 1 Comment
On April 22, 2009, the FDIC released their Quarterly Banking Profile for the Fourth Quarter of 2008. Banks insured by the FDIC reported $32.1 billion in net losses for the fourth quarter 2008. This was the first time since 1990 that the banks had a quarterly loss. In the fourth quarter of 2007 the banking […]
FDIC 2008 Third Quarter Report
December 22, 2008 By 1 Comment
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 […]