FDIC adds 54 more banks to its 'problem list'

"The Federal Deposit Insurance Corp. says its list of problem banks, those considered to be in trouble, shot up to 171 during the third quarter. That's up nearly 50% from 117 in the second quarter, and the highest number since late 1995.

The FDIC also says commercial banks and savings institutions suffered a 94% drop in third-quarter profits to $1.7 billion from $27 billion in the same period last year. Except for the fourth quarter of 2007, it was the lowest quarterly profit since the fourth quarter of 1990."