FDIC Reports Decline In Problem Banks But Banking Industry Remains In Intensive Care

The latest FDIC Quarterly Banking Profile shows a negligible decline in problem banks but the banking industry remains in intensive care. The banking industry reported a $28.8 billion profit for the second quarter which was $7.9 billion higher than last year’s quarter ending June 30, 2010.  The bulk  of the profit improvement, however, came from […]